Having overcome the historical level from 07.06.2017, formed by the paranormal bar, the instrument has faced the forces of the short player, who has placed a limit order at the level of 18.70. It happened on 04.03.2020, when the income reports were released. Naturally, it was not possible to take this hurdle "from the run": we came up on big bars. The close retest did not give anything either. Having gone down, the instrument was gaining position for a long time and reached the border again at 18.70. Four days we accumulate the position for a breakout. And here's what's important to note: on 04.05.2020, many long players fixed their profits, but we do not roll back. The conclusions I am sure you will make yourself. I put the tool on the list. Perhaps, this level will not be taken from the first time. I will wait for the realization.
Trade closed: target reached
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and next time I was right in the direction))) How damn nice to be right! If you are right in the direction of movement, it is easy to find the entrance point.
Thanks for the TA on this, we are currently just over $20, do you have any targets set on exit?
Alexey_Malorodov
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@armchairanalyst, What's a TA?
I can't tell you the exit goals because I'm not an swing trader. I trade inside the day. I always trade at least 3.1\1 in the day. My exit target always depends on the amount of risk I use in my trade. Naturally, my exit target may be different from others. I wrote about it in detail in my Clarifications post. It is not professional to give any goals in this case, because I do not know what risk you have entered with and I do not know what your strategy allows you.