Where Should I Place a Stop Loss Order using Trend Lines?

How to Set a Stop Loss Order using Trend Lines

Trend Lines

A trendline can be used to set stop losses where the stop loss order is set just below the trend line.

As long as a trend line holds a trader will be able to continue making profits while at the same time set this stop loss order which will lock his profit once the trendline is broken.

Example of where to set stop loss orders using trend lines.

Where Should I Place a StopLoss Order using Trend Lines? - Setting Stop Loss Order below the Trendline