UNITDSPR Breakout, Long for Intraday
UNITDSPR Breakout closing in 15 Min. chart, Rectangle/Flag & Pole pattern breakout.
Daily Trend is also upwards
Wait for the retracement then can go for long position.
Question: Why wait for retracement?
Ans: Already made 8 green candles, there is a high probability that a red candle can be formed only then we can see the intensity and exact seller price.
If sellers are strong then it can be a breakout fail or if buyers are strong then that red candle will be act like a small stoploss/better price place for Buyers.
Note: This is just an analysis wait for the price to confirm.
Disclaimer:
Always follow Risk to Reward, because this is the key to success in this business, no matter how much good a trade is looking, we never know the future.
Daily Trend is also upwards
Wait for the retracement then can go for long position.
Question: Why wait for retracement?
Ans: Already made 8 green candles, there is a high probability that a red candle can be formed only then we can see the intensity and exact seller price.
If sellers are strong then it can be a breakout fail or if buyers are strong then that red candle will be act like a small stoploss/better price place for Buyers.
Note: This is just an analysis wait for the price to confirm.
Disclaimer:
Always follow Risk to Reward, because this is the key to success in this business, no matter how much good a trade is looking, we never know the future.
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