Hi Roneeth,
Your entry point was too near the weekly resistance.....if you had bought off the daily chart a week ago,then the stop loss should have been at 100.It's now at 92........If this breaks the previous day's low 0f 91.8,I would take the loss as tuition money and move on.May blast through resistance and go to new recent highs soon....but for you,entry is at 105 and this trade is burning a hole in your stomach.Get out if it breaks 91.8....and stalk it later for anbetter entry.....that's what I would do!
Happy Trading!!
Saint
Your entry point was too near the weekly resistance.....if you had bought off the daily chart a week ago,then the stop loss should have been at 100.It's now at 92........If this breaks the previous day's low 0f 91.8,I would take the loss as tuition money and move on.May blast through resistance and go to new recent highs soon....but for you,entry is at 105 and this trade is burning a hole in your stomach.Get out if it breaks 91.8....and stalk it later for anbetter entry.....that's what I would do!
Happy Trading!!
Saint