After breaking out from a descending triangle, price action is pulling back into the lows providing potential selling opportunities at the retest.
Still on the radar a little lower is the potential bullish bat formation which could be taken into consideration when looking at potential levels target taking.
Got stopped out by the spike i'm in again....thanks for the reassurance
Akil_Stokes
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Sorry to hear that man. Start prepping for the next good trade
ErnestasKvedaras
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Hey Akil. How are you? Could you please clarify for me, where should I place stops loss for such continuation trade? Should it be above the first (highest) triangle swing or the last one (lowest)? Thanks :)
Akil_Stokes
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It really depends on how you go about approaching the trade. In general above the highest swing would be your safest place, but you don;t necessarily need to open yourself up to that much risk.
ErnestasKvedaras
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Thanks
Akil_Stokes
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No problem, wish i could give you a better explanation but it's a difficult task to write all of the options out