As described on chart, continuation of uptrend is expected, unless it brokes the uptrend line, bearish candel formation will be expected,
put sell stops/buy stops above or bellow the trend lines and stop loss inside the trend channel..
Good Luck :)
As described on the trading chart put a sell stop below the uptrend channel in case of break out, otherwise continuation of uptrend is expected..
Good Luck :)
I'm still a beginner, and i believe that trends always have the main effect on huge market movements so i always draw the trend lines that look main to me and crossing them means a sure breakout for the current trend and a big price change with big profits.
Always make sure to change the sl to BE+ when price moves good movement. If u put the sell stop/buy stop...