Buy on a bullish breakout confirmation; sell/short on a bearish breakout confirmation. Stop Loss: For bullish trades, place just below the channel midpoint or last swing low; for bearish trades, just above the midpoint or last swing high
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.