Enter in opposite direction, whenever Price breaks horizontal level and Retraces in 1_2 Candles.
Took trade in Tata Steel at yellow point, breakout of horizontal line , but it came back. Never take trade Just after breakout, Wait for price to Reach the trendline or take trade in Opposite direction of breakout.
Took trade in Tata Steel at yellow point, breakout of horizontal line , but it came back. Never take trade Just after breakout, Wait for price to Reach the trendline or take trade in Opposite direction of breakout.
asian paints was consolidating in rectangle Box. It given a Breakout (as we can see in yellow circle.) We entered at the Breakout, but the entry was wrong. Just after Breakout price came back to zone, Causing us huge loss. I Was waiting for Price to recover But it didn't.
price given a fake Breakout in TATA motors chart,I took entry and made huge loss.
As we can see, Price Given a Breakout & in weekly it is clearly closing above the horizontal level, But we are not Supposed to enter when Price Breaks the level, we Should wait for The Price to close above the Previous high. in one hour we can See, it Never Broke the previous candle high. wrong entry.
As we can see, Price Given a Breakout & in weekly it is clearly closing above the horizontal level, But we are not Supposed to enter when Price Breaks the level, we Should wait for The Price to close above the Previous high. in one hour we can See, it Never Broke the previous candle high. wrong entry.
AS we can see Price is Ready to Break The trendline. as soon as it Breaks, we can ENTER in the Trade for upside MoVE.
AS we can see Price is Ready to Break The trendline. as soon as it Breaks, we can ENTER in the Trade for upside MoVE.
As posted earlier, campus given a breakout It's a new update in smaller time frame
as per pattern we can clearly see ,market started to move in up direction
as per pattern breakout ,we can take trade in upward direction
ambuja cement buy trade price has reached top line...let it break and we see what happens
market has fallen from top and it is now ready to breakout in up direction
CAMPUS IS READY TO BREAKOUT FROM CHANNEL PATTERN, since very long time it is in down trend, first time it is giving positive sign of breakout.
AS WE CAN SEE IN 1H TIME FRAME, price has reached near trendline. it is supposed to get rejection from there, so i took trade in 5 min chart.
As we can see, price was at the bottom of triangle pattern, but it was still in falling channel pattern…i took trade for upside move at 720 at marked arrow. At line x - price took resistance as it is still in downtrend Also following falling cahnnel pattern. Conclusion - we should not enter for a uptrend trade, if it is still making lower low and lower high pattern.
Wrong entries 1. Point 1 is not the right entry, because no candle crossed the breakout candle at point 1. 2. From 2 to X , we can think of entering in the trade in buy direction. We should never do that, because market is still in downtrend. It never broke the previous high, it is just moving in upward direction to reach supply zone, so that it can fall...