Price has broken out of a nice consolidation and if it does a minor retracement and then creates a strong bullish candle, it will be a good buying opportunity. Stoploss would be below the previous resistance and trailing stoploss can be below 20EMA. Alternatively ATR can also be used to determine trailing stoploss, it all depends on what you are comfortable with. That said, as usual, please pay attention to position sizing and manage your risk wisely.
Kommentar:
Another situation would be that it might just consolidate at current levels and not even come back down to take support at the green channel. In that case we can take an entry as and when it breaks out of the current consolidation.
Trade ist aktiv:
Invested amount is close to being double now