How to trade with a trend line
Let's do it fast and simple. We see an up trend, a trend line, bullish momentum, bullish candles with big bodies. As they say, go with a trend. Do not fight with trend.
Buy when price touches the trend line.
But where do you put your TP? It's simple. You turn to 5 min time frame. There you can see a bullish flag. What's our first TP when price breaks the flag? Top of the flag.
Where do you put your stop loss? Again look at 5 min time frame: 3 times price hit the level(around 17430 but couldn't break it, therefore there is a accumulation of buy orders and you can guess that could be a good support for your stop loss order.
Buy when price touches the trend line.
But where do you put your TP? It's simple. You turn to 5 min time frame. There you can see a bullish flag. What's our first TP when price breaks the flag? Top of the flag.
Where do you put your stop loss? Again look at 5 min time frame: 3 times price hit the level(around 17430 but couldn't break it, therefore there is a accumulation of buy orders and you can guess that could be a good support for your stop loss order.
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