In my previous analysis, a double inside bar was spotted. A close above the high of the 1st inside bar at 1510 was needed to confirm entering a buy trade. - Price has now moved above and most importantly closed above the 1st inside bars high, confirming a bullish breakout
Where I can put my sl and do you think it will test again 1509 fake down
FTE1995
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@MANS09, Now that price has broken out, a SL would be set at the low of the 1st inside bar ( ~ 1488 ). However taking into consideration the fakeout formed, a more conservative SL could be placed at the low of the fakeout, roughly 1486. Hope this helps