The exit could be when we have a closing above the 18 period moving average.
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The market continues it’s bullish move to R3 and then retraces to S3.
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The secondary trend is like tributary to the main trend.
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Others may use technical analysis principles to set stops.
If you are going to trade professionally it is vital that you can identify trading opportunities.
Holding Positions Overnight If you are setting out expressly to trade longer-term positions, always check where the market is and if you need to close or adjust your stop.