SL is prior candle low
expect 5% up in 2 to 3 days
Set up looks like cup and handle and we are trading handle trading range play with Trend line breakout (TL) play with prior candle low as sl.
High volume seen during formation of cup and handle and hence there is probability of upside potential.
Every thing is probability hence SL is necessary to protect from blockage of capital and time. Human brain will not hurt the losses, if the SL and quantity is small enough that will erase the human emotions.
expect 5% up in 2 to 3 days
Set up looks like cup and handle and we are trading handle trading range play with Trend line breakout (TL) play with prior candle low as sl.
High volume seen during formation of cup and handle and hence there is probability of upside potential.
Every thing is probability hence SL is necessary to protect from blockage of capital and time. Human brain will not hurt the losses, if the SL and quantity is small enough that will erase the human emotions.