Chart speeks for itself.
הערה:
Wait for reversal from lower parallel
עסקה פעילה:
long initiated
הערה:
at 98.75, stop loss is 90; we are looking for risk reward of 1:5 or more.
הערה:
Move stop loss to cost@ 98.75, previous swing high breached.
הערה:
Market moving in our direction. Depending upon market structure,SL will be modified. Profit target is upper parallel or beyond, depending up on market structure in coming days. Risk reward less than 1:5 is bad.
עסקה פעילה:
Second entry @105
עסקה פעילה:
shift stop loss of both first and second entries below last swing low @ 100
הערה:
Breakout of symmetrical triangle consolidation pattern; and satisfied the level (roughly 3%, same as head and shoulder breakout - as per classical chartist Edwards and Magee). Move Trailing stop loss to 110, last swing low.
הערה:
Range break out and Price consolidation in energy coil. more upside in coming days, keep strick stop loss at 110, no need to move up. Risk reward in this trade weill be very high. if we are lucky we may see 1:20 or more because we are looking for doubling of ranges.
