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Here we have a target from a short formed W.
It is important the resistance (blue line) to break successful for the target to be reached.Otherwise another path might formed (the red one).
Be cautious on trading breakouts they don't have the best Risk Reward Ratios, and most of the times they are fake outs before the real move.
But you have nothing to fear if you use stop loss and low leverage, in 3 words Manage Your Risk.
It's better to trade this one on Bigger Time frames to avoid any fake out moves.
Information provided is only educational and should not be used to take action in the market !
Feel free to ask anything in the comments or send me a message !
Thank you for reading my post, have a great day, wish you all the best !
Here we have a target from a short formed W.
It is important the resistance (blue line) to break successful for the target to be reached.Otherwise another path might formed (the red one).
Be cautious on trading breakouts they don't have the best Risk Reward Ratios, and most of the times they are fake outs before the real move.
But you have nothing to fear if you use stop loss and low leverage, in 3 words Manage Your Risk.
It's better to trade this one on Bigger Time frames to avoid any fake out moves.
Information provided is only educational and should not be used to take action in the market !
Feel free to ask anything in the comments or send me a message !
Thank you for reading my post, have a great day, wish you all the best !