Last trade my Stop Loss was hit at 8400 and I took a minor loss. I took a SHORT expecting a move 8300 --> 7800 from which point I would start looking for a LONG opportunity. The price broke the descending channel, retested it (for the 4th time) and touched the Long Term ascending trendline. From my point of view, this is a good opportunity to BUY so my LONGS ( @ 7930 ) are active. If my Stop loss gets hit again, I will suffer a minor loss again and just wait for the next opportunity. Patience always pays off.
@7930 Stop Loss = 7700 Take Profit 1) 8450 2) 8800 3) 9400