After breaking the channel and perfectly bouncing off it now we can see it's reaching a resistance zone and RSI is high plus moving average is falling behind so I suggest book all your profits and wait for things to go side ways a bit or if there was an indicator for possible downside you can open a short position but it could be really risky and I do not suggest it
The strategy behind opening any position is to make sure your win/loss ration is 3/1 i.e TP should be 10% and your stop loss 3%
I suggest you do the same, so if you do 10 trades you only need 3 of them to be successful to gain a profit on your whole trades
The strategy behind opening any position is to make sure your win/loss ration is 3/1 i.e TP should be 10% and your stop loss 3%
I suggest you do the same, so if you do 10 trades you only need 3 of them to be successful to gain a profit on your whole trades