Awaiting Breakout or a failure??

Prices have been consolidating a while in a range and soon a breakout is expected on the upside. Right now its hovering around the range high. Will enter long position only after breakout confirmation and closing above 623 for a target of 640. If there is a breakout failure, it can be used to enter short at the range high for a target of 600. Will trade based on how price action reveals further.

For study purpose
Thanks

Transaction en cours

Entered @ 624

Note

Target 1 done @ 630

Note

target 2 done @ 635. Trailed SL to cost and took partial profits

Trade fermée manuellement

Closed the rest for 634.

Note

Great!! It had a nice breakout and made a high of 644, although i exited @ 634.

nimbuz90

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.

nimbuz90