Smart monies like to form the symmetrical triangle and keep traders guessing whether it will break up or down.
Watch this important support line and if the price action is able to rebound back to the symmetrical triangle, then it can goes back to around 4.50.
Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.
Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.
No comments:
Post a Comment