Clear Breakout
Updated
Today is a Clear Breakout!
Yesterday close was slightly above Fibonacci retracement level of 11377. Today, @ 15:20 hours, if it closes above yesterday's close - 11386, you can go long. Stop Loss will be at previous close 11386 or slightly below Fibonacci level of 11377, or previous resistance of 11353. Below 11353, sell everything!
Exit possibilities when it hits the above resistance trend lines...
First major resistance is at 12272
Yesterday close was slightly above Fibonacci retracement level of 11377. Today, @ 15:20 hours, if it closes above yesterday's close - 11386, you can go long. Stop Loss will be at previous close 11386 or slightly below Fibonacci level of 11377, or previous resistance of 11353. Below 11353, sell everything!
Exit possibilities when it hits the above resistance trend lines...
First major resistance is at 12272
Note
Sorry, Stop Loss would be previous day Low, not previous day close...Trade closed: stop reached
Ok, so it opened today well below the stop loss of 11353. It's currently rising. Wait for rise and then exit. It's important to book stop loss. It's important part of the game.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.