First post, don't really know what I'm doing. Would love feed back though.
Reasoning:
"Trends are more likely to continue then to reverse".
So i found a trend with the lowest lows hitting the bottom trend line, this is where the stop loss should be around, that could indicate a reversal or strong bear push back.
The target would be close to the trend line at the top, based on historical data.
Entry point would be to enter at trend like touch.
Thanks for looking.
Reasoning:
"Trends are more likely to continue then to reverse".
So i found a trend with the lowest lows hitting the bottom trend line, this is where the stop loss should be around, that could indicate a reversal or strong bear push back.
The target would be close to the trend line at the top, based on historical data.
Entry point would be to enter at trend like touch.
Thanks for looking.