GOOGLE : Long on breakout

9 mai 2023

As shown in the graph, I have summarized the various reasons why a Long trade could be opened on Google.
With the use of my indicators (LuBot , Predictum , LuExcess , LuTrender) and through graphical analysis, I identify a good entry pattern for a short-term trade.

The conditions for a Long entry are already valid, but one could enter at the actual break of the trendline for further confirmation.
The profit exit could be placed on the next resistance level that we find in the 117.50 area and the loss exit below the last lows to avoid holding a losing trade for too long.
The conditions for a Long are all there, but as we know, nothing is certain in trading. The important thing is that what we do always has a sense and a motivation and that the conditions are favourable. If the trade goes into loss patience, there will be other opportunities.
The market doesn't run away and the most important thing is always to keep calm and patience.