TradingView
YASIRWA
Jan 11, 2023 11:46 AM

4210 (SRMG): (Watch for Triangle Breakout) Long

SAUDI RESEARCH AND MEDIA GROUPTadawul

Description

Price reaching top of Triangle (Falling Resistance) after taking support from confluence zone:
Horizontal Support
Trendline Support (Bottom of Triangle)

Formation of HH, HL

Wait for breakout (Aggressive Entry)
Wait for retest/formatin of HL (Conservative Entry)
Trade with stop loss

TP levels are specified
Ride the trend with trailing stop loss

Do Proper Risk management
Comments
Iamajaz
How about Wafra? #2100
YASIRWA
@Iamajaz, A short bullish setup can be taken with stop loss...
Hope you like it... stay connected..
More