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By Cecile Hardy

A publication for a drawing women determine.

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This narrowing trading range can only mean that the buyers and the sellers are losing interest in that price level. As you can see, the pattern starts wide and it begins to narrow when approaching its end. When the trading range where the battle of buyers and sellers takes place begins to narrow this always means that a big sharp move in either direction is about to emerge after the break of the pattern. This narrowing means low volume of orders in the market at that level; the buyer considers that the price level is unattractive for him to buy.

Now, about exits, I have already told you that you have to trail manually the stop loss just above the lower highs on the 30 minutes chart when you are selling or just below the higher lows if you are buying. These are logical turning points in the market, they are the least probable levels for the price to touch when there is a strong direction therefore they are a very good place to hang your stop loss. However, there is another way to exit a trade earlier than this and you should use it if the market offers the opportunity.

After the break candle that closes outside the pattern, the retest begins. We enter when price comes back down at the close of the breakout candle, and we set out stop loss where the retest finished and price started to go down away from the pattern. Now, about exits, I have already told you that you have to trail manually the stop loss just above the lower highs on the 30 minutes chart when you are selling or just below the higher lows if you are buying. These are logical turning points in the market, they are the least probable levels for the price to touch when there is a strong direction therefore they are a very good place to hang your stop loss.

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