Awaiting Breakout or a failure??

2 Jul 2018

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

3 Jul 2018

Trade aktif

Entered @ 624

3 Jul 2018

Catatan

Target 1 done @ 630

3 Jul 2018

Catatan

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

3 Jul 2018

Trading ditutup secara manual

Closed the rest for 634.

3 Jul 2018

Catatan

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