11004 Weekly breakout

6 Mar 2024

Reason for long
a) Weekly breakout
b) Good risk reward zone
c) if first 15 min is above previous day high, then it is a good buy area
d) SL compulsory
e) Channel support
f) vwap support

7 Mar 2024

Emir iptal

The first 15 min candle is not formed the above of previous day high and also first 15 min candle has long upper wick, which invalidate the set-up.
Usually, entry not triggered (ENT)
if taken, then SL is 15 min low.

Howsoever, for positional trade 3.5% is SL and 5% is target in equity market. Position sizing and SL compulsory