The ASX 200 on the intraday chart has formed a Pole and Flag Pattern. It appears there maybe a breakout to the upside.
The long trade is on chart
1. Enter - at breakout of 8050
2. Stop - if this is a valid breakout, then 1/3 the flag consolidation should be sufficient.
3. Target - Either a measured move or the D point
RR = 3+
The long trade is on chart
1. Enter - at breakout of 8050
2. Stop - if this is a valid breakout, then 1/3 the flag consolidation should be sufficient.
3. Target - Either a measured move or the D point
RR = 3+
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.