You’ve taken an entry on the breakout of a strong resistance zone. You expected a good momentum after breakout but a strong rejection pinbar forms in the next candle. What will you do in this situation?

Testing

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Other
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Professional Development
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Hard
Smit TWS
Used 1+ times
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30 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Immediately exit the trade to avoid loss.
Exit half quantity only.
Stay in the trade and accept stop loss if price falls down.
Stay in the trade, hope for price to move up.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You’ve taken an entry on the breakout of a strong resistance zone. You expected a good momentum after breakout but a strong rejection pinbar forms in the next candle. What will you do in this situation?
Immediately exit the trade to avoid loss.
Exit half quantity only.
Stay in the trade and accept stop loss if price falls down.
Stay in the trade, hope for price to move up.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You’ve taken an entry on the breakout of a strong resistance zone. You expected a good momentum after breakout but a strong rejection pinbar forms in the next candle. What will you do in this situation?
Immediately exit the trade to avoid loss.
Exit half quantity only.
Stay in the trade and accept stop loss if price falls down.
Stay in the trade, hope for price to move up.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You’ve taken an entry on the breakout of a strong resistance zone. You expected a good momentum after breakout but a strong rejection pinbar forms in the next candle. What will you do in this situation?
Immediately exit the trade to avoid loss.
Exit half quantity only.
Stay in the trade and accept stop loss if price falls down.
Stay in the trade, hope for price to move up.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You’ve taken an entry on the breakout of a strong resistance zone. You expected a good momentum after breakout but a strong rejection pinbar forms in the next candle. What will you do in this situation?
Immediately exit the trade to avoid loss.
Exit half quantity only.
Stay in the trade and accept stop loss if price falls down.
Stay in the trade, hope for price to move up.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You’ve taken an entry on the breakout of a strong resistance zone. You expected a good momentum after breakout but a strong rejection pinbar forms in the next candle. What will you do in this situation?
Immediately exit the trade to avoid loss.
Exit half quantity only.
Stay in the trade and accept stop loss if price falls down.
Stay in the trade, hope for price to move up.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You’ve taken an entry on the breakout of a strong resistance zone. You expected a good momentum after breakout but a strong rejection pinbar forms in the next candle. What will you do in this situation?
Immediately exit the trade to avoid loss.
Exit half quantity only.
Stay in the trade and accept stop loss if price falls down.
Stay in the trade, hope for price to move up.
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