MOTHERSUMI TRIANGLE BREAKOUT

It is been observed on the hourly chart that the price action breaks above the symmetrical triangle indicating a further move up.

Target: 336

Target: 340

Stoploss: 328

Trade active

Trade active:

Good time to enter this one as it has taken the support and now moving up again. Regards

Trade closed: stop reached:

Lesson Learned: False Breakout as volume increasing after the breakout and not at the time of breakout.

Comment:

Read the chart to understand, How big players create a trap for retail traders

Regards