Triangle Breakout Buy Limit Strategy
If breakout candle is greater than 1 ATR
1 Buy 1/2 position size at breakout candle close @ .7075
2 Place 1/2 position size buy limit pending order just above 1 ATR level @ .7055
1st trade TP .7075 (entry price) + .0045 (atr) = .7120
2nd trade TP let run have SL follow price
SL you find
If breakout candle is greater than 1 ATR
1 Buy 1/2 position size at breakout candle close @ .7075
2 Place 1/2 position size buy limit pending order just above 1 ATR level @ .7055
1st trade TP .7075 (entry price) + .0045 (atr) = .7120
2nd trade TP let run have SL follow price
SL you find
Comment:
4H chart - 1st trade already entered - 2nd trade buy limit pullback hit
Comment:
Triangle Breakout Buy Limit Order Take Profit setup
Comment:
Failed breakout. Price returned back into triangle pattern.
Close trade now, do not wait for price to hit SL
Close trade now, do not wait for price to hit SL
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