Proper explanation of a BULL TRAP
BULL TRAP
The price is taking resistance from a key level many times . The trader are waiting for price to break the level
The fourth time the price breakout the key resistance level the immature trade took entry without confirmation
Of ( pullback, retest or consolidation) and had stoploss below the resistance level
Once the price get back to support level the stoploss of all trader get triggered which support the downward
Move . Secondary the trader who are waiting for shorting opportunity are also put price downward
Due to the both type trader price come down sharply
BEWARE HOW TO AVOID FALSE BREAKOUT OR TRAP
1) Alway trade breakout when price do these things
+ Take pullback after breakout
+ Come back for retest and continue after retest
+ Price stay above support level for some time or may consolidate before upward move
DONT IN HURRY YOU GET THE OPPORTUNITY FOR SURE IF U HAVE PATIENCE
REMOVE FOMO FROM UR MIND OR FACE LOSS
The price is taking resistance from a key level many times . The trader are waiting for price to break the level
The fourth time the price breakout the key resistance level the immature trade took entry without confirmation
Of ( pullback, retest or consolidation) and had stoploss below the resistance level
Once the price get back to support level the stoploss of all trader get triggered which support the downward
Move . Secondary the trader who are waiting for shorting opportunity are also put price downward
Due to the both type trader price come down sharply
BEWARE HOW TO AVOID FALSE BREAKOUT OR TRAP
1) Alway trade breakout when price do these things
+ Take pullback after breakout
+ Come back for retest and continue after retest
+ Price stay above support level for some time or may consolidate before upward move
DONT IN HURRY YOU GET THE OPPORTUNITY FOR SURE IF U HAVE PATIENCE
REMOVE FOMO FROM UR MIND OR FACE LOSS
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