A triangle pattern can be seen in the formation. Have picked a SL level which has been a resistance for a small channel formed inside the triangle. However, should there be a consolidation before the breakout, I may adjust the SL accordingly. Enter trade only when there is breakout WITH good volumes.
Buy above 1167
T1 : 1210
T2 : 1248
SL : 1145.50
Thanks!
P.S. The rough time stop loss I set on all my trade is about 20-30% of the time the pattern took to form. Be rest assured regardless of the direction my trading ideas proceed in, I'll update the idea to reflect the same.
Buy above 1167
T1 : 1210
T2 : 1248
SL : 1145.50
Thanks!
P.S. The rough time stop loss I set on all my trade is about 20-30% of the time the pattern took to form. Be rest assured regardless of the direction my trading ideas proceed in, I'll update the idea to reflect the same.