Daytraders: when trading break outs from trailing resistance lines always try and take you first lot out around the .90 pip range from the previous swing low.

It depends on how many lots you are trading but the 2nd lot will be based on the next 90 pip move upwards, as shown above.

Stops can be entry levels at breakeven after first exit, or move stop to a dollar breakeven level so that the $dollar loss is neutral.

Because after any change of cycle, price can come back down and re-test the cycle lows before continuing with the trend