We don’t know what direction the breakout will be, but we do know that the market will most likely break out. Eventually, one side of the market will give in. We can place entry orders above the slope of the lower highs and below the slope of the higher lows. Since we already know that the price is going to break out, we can just hitch a ride in whatever direction the market moves.
Note
Trade closed: target reached
First target hit @ 71.39Trade closed: target reached
Trade closed manually
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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.