As per my previous post ( ), I was supposed to go long above the triangle and short below the triangle.
Market opened with a gap above the triangle, followed by a horrifying bearish morubuzu on 5min. chart. I wanted to enter long as near to swing high B as possible. So I entered 2 lots long in the second 15 min. candle @9890 with SL@ 9862 and target 9922.
As...
I could draw an ascending triangle @ 15 min interval. Buy price 1125. Stop loss 1119.
Target: 1) respect the resistance line. (Sell 50 %)
Target 2) Go long if the price breaks resistance line. target 1148
SK