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Before You Trade a Downward Price Breakout
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[QUOTE="theolove2021, post: 157431, member: 28307"] [ATTACH type="full"]47456[/ATTACH] When trading a downward price breakout, these are the steps to follow: -Ensure it’s a downtrend -Wait for the price to close below the corresponding structure — support level, trend line or any other -Confirm the RSI is below the 50 level -You can go short if everything aligns and a stop loss above the preceding swing high -Ride the trend with a trailing stop if you want or put a profit target accordingly To your success Theophilus S. [/QUOTE]
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Before You Trade a Downward Price Breakout
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