Contraction Setup
Long Entry 371.3 based on price breakout of 369.00 (Daily chart)
Stop loss based on 362.4 (recent low on Daily chart)
Take profit based on resistance level of 376.4 & 382.7 (Weekly chart)
Comments & review by my teacher (Mr CK Ee from Asia Charts)
Hi Debbie
Your setup is correct.
While you can use the overhead resistance to exit the trade, it
is a good practice to take partial profit along the way.
It helps to improve your overall profitability.
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