Price is clearly in an uptrend. Knowing that the trend is our friend😉 we'll be looking for long positions.
Good RR
SL should be at the breakout of the trendline.
Good RR
SL should be at the breakout of the trendline.
Trade closed: stop reached:
This trade suffered from stop loss hunting. It was expected though. Our stop loss was supposed to be the entry point. And stop loss was supposed to be placed under the support.
Lesson:
Next time, we'll set a pending order at the nearest support level and stop loss below the support.
Lesson:
Next time, we'll set a pending order at the nearest support level and stop loss below the support.
