STOP LOSS & TAKE PROFIT

STOP LOSS:

Where to place them:

• Last high it went to before heading down
• Should be above or below the last swing high/low
• Place above the wicks to give your trade some breathing room

TAKE PROFIT:

Where to place them:

• The next key level
• Bounces off the trendline
• Use the -27 Fibonacci Extension
• Last swing high/low before the big push

EXAMPLE:

YOU CAN LOOK FOR

ENTRIES TO SELL AFTER
THE SHOOTING STAR
 A SAFER STOP LOSS BY GIVING
YOUR TRADE ROOM TO BREATHE

ALIGN YOUR TAKE PROFIT AT

THE LAST POINT PRICE WENT
TO BEFORE HEADING UP

IF YOU ARE GOING FOR A

MORE SNIPER LIKE ENTRY,
PLACE YOUR STOP LOSS
ABOVE THESE WICKS