Price is revisiting previous swing high levels. Although resistance is around 26400, price can definitely continue to increase further before coming down. Thus it is only logical to place your Stop Loss above the previous Swing Highs. The Stop Loss level of 26800 is part of my strategy. If you are following this trade, do not adjust the stop loss. Rather, adjust your lot sizing instead. This is one of the very few Low Risk, High Reward Trade. Personally I have increasing my risk for 1% to 5% (thus 5x the usual profits).
Trade with care everyone and have a good week ahead. If you find my trades and analysis helpful, please visit my Patreon to support me :)
Trade with care everyone and have a good week ahead. If you find my trades and analysis helpful, please visit my Patreon to support me :)
Comment:
Price have fallen, the rising wedge is broken almost right after this analysis went up. You can't find timing and accuracy anywhere else!