Learning Tory's Trade Trading Plan: XPTUSD Trendline Breakout
Updated
Current Status:
- Trendline Touches: 4 touches confirmed
- Analysis: Strong resistance at the trendline; monitoring for trendline breakout.
Trade Setup:
- Entry Point: 975.250 (waiting for trendline breakout)
- Stop Loss: 993.800
- Take Profit: Exit upon break below the trendline
Disclaimer: This journal is for personal educational purposes only. Trading involves risk; always do your own research and consider your financial situation before making any trades.
- Trendline Touches: 4 touches confirmed
- Analysis: Strong resistance at the trendline; monitoring for trendline breakout.
Trade Setup:
- Entry Point: 975.250 (waiting for trendline breakout)
- Stop Loss: 993.800
- Take Profit: Exit upon break below the trendline
Disclaimer: This journal is for personal educational purposes only. Trading involves risk; always do your own research and consider your financial situation before making any trades.
Trade active
Activated: Price Broke TrendlineTrade closed: stop reached
SL touched, triggering 1800 pip loss.
Lesson:
Price had broken previous high at 978.00, and was making a higher high. So it makes more sense that the price is making an upward move. Check on which high or low is broken and align moves with the trend.
Disclaimer
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