where to place stop loss

at maximum convergence points of moving averages of multiple timeframes, ( convergence points of 13 ema and 20 ema zones on multiple timeframes)( this are also convergence points of multiple timeframes macd on chart)

at this convergence of moving averages, when prices starts breaking trendline , previous spike highs are good sl, and will not be tested most of the times.


______________________________________________________________________________________________________________________________________________________________________________________
note- price action is of paramount importance for break of trendline(on closing basis) and for initiation of trade., around 90 % of times prices will pull back towards trendline to give better entry points after prices breaks trendline on closing basis of candle( this candle should be a large one and fast one)( to catch traders on wrong side suddenly and offguard, so that panic sets in the traders (counter trend traders and sideways market traders)and they rush in to square off their positions.
_____________________________________________________________________________________________________________________________________________________________________________________________


rough estimate of targets-- length of consolidation ( draw horizontal line of length of consolidation and put the same line on vertically, ) that is your minimum targets.