Consolidation range EXAPLE
you can se that price is stuck in the range on 4 hour time frame
I prefer to take entry on the first pullback after breakout or breakdown
But in this case I enter the trade with breakdown become I get 2 confirmation
The RSI level is falling below 50 and a golden crossover of 50 and 200SMA
SL - NEAR THE CROSSOVER
TARGET - AS MUCH U CAN GO WITH HELP OF MOVING AVERAGE
BUT IF U WANT TO PLAY SAFE THEN ENTER ON FIRST PULLBACK
I AM A EXPERIENCE TRADER SO I ENTER ON THE BREAKDOWN
BE PATIENT AND KEEP LEARNING FROM UR MISTAKE . ALWAY MANAGE UR RISK
FROM MY EARLIER POST U CAN ALSO LEARN HOW TO AVOID FALSE BREAKOUT
I prefer to take entry on the first pullback after breakout or breakdown
But in this case I enter the trade with breakdown become I get 2 confirmation
The RSI level is falling below 50 and a golden crossover of 50 and 200SMA
SL - NEAR THE CROSSOVER
TARGET - AS MUCH U CAN GO WITH HELP OF MOVING AVERAGE
BUT IF U WANT TO PLAY SAFE THEN ENTER ON FIRST PULLBACK
I AM A EXPERIENCE TRADER SO I ENTER ON THE BREAKDOWN
BE PATIENT AND KEEP LEARNING FROM UR MISTAKE . ALWAY MANAGE UR RISK
FROM MY EARLIER POST U CAN ALSO LEARN HOW TO AVOID FALSE BREAKOUT
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