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
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
