MFSL Intraday Trade
There was a breakout on daily with large volumes at 551 and the price went up till 560 and resisted back on the back of resistance on weekly charts at 560.
I entered when it retested the breakout at 552 with a SL 544 (low of breakout candle in 15 minute TF).
The price further went down and touched 546 and quickly moved towards 560 where knowing the resistance I booked once at 558, waiting for a breakout of 560 with volumes.
It did happen soon and I went long again at 562 with a SL of 553 (Low of Breakout Candle). The price moved don till 556 and then moved again towards 570 where I trailed and stopped out at 568 thereby making 16 points on a trade following Price action with defined stoploss.
I entered when it retested the breakout at 552 with a SL 544 (low of breakout candle in 15 minute TF).
The price further went down and touched 546 and quickly moved towards 560 where knowing the resistance I booked once at 558, waiting for a breakout of 560 with volumes.
It did happen soon and I went long again at 562 with a SL of 553 (Low of Breakout Candle). The price moved don till 556 and then moved again towards 570 where I trailed and stopped out at 568 thereby making 16 points on a trade following Price action with defined stoploss.
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