false breakout, trading the continuation of the trendline

MatchaLatte tarafından
Güncellendi
RSI divergence outside the trendline (light blue). I took the position at EMA 21 when it bounced from EMA 55. A hammer candle gives me extra confidence that it may return inside the earlier trendline.
Yorum
Trade closed manually: Closed position. I don't hold over the weekend. Decent profit
Chart PatternsTechnical IndicatorsTrend Analysis

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