In Daily chart , it breaks out the previous downtrend channel . Now, go to 30m chart, I am looking for triggers.
If 30m 8/34 EMA crosses up, I will long Haidilao. My stop will be the previous low 33.4
If 30m 8/34 EMA crosses up, I will long Haidilao. My stop will be the previous low 33.4
Trade active:
Haidilao moved in my favor.
On 30m chart, today I moved my STOP to 35.20. There is a Fibnacci symmetry zone in 35.2~35.3 area.
On 30m chart, today I moved my STOP to 35.20. There is a Fibnacci symmetry zone in 35.2~35.3 area.
Trade closed: stop reached:
I adjusted my STOP to 36.0 (yesterday?). It's like a trailing stop. I used Fibonacci symmetry.
Today, price blowed through my STOP downward. I'm out.
Today, price blowed through my STOP downward. I'm out.