Chart pattern: Descending triangle
Entry: 19.50$-21$
Stop: 19.16$
Target: 23.20$
Stopmanagement: ATR Stops daily chart default settings
Risk:Reward-Ratio: > 2:1
Description: The chart formed a descending triangle and broke out of it. The sustainability of the break out is also confirmed by a high volume and a bullish MACD-crossover.
Entry: 19.50$-21$
Stop: 19.16$
Target: 23.20$
Stopmanagement: ATR Stops daily chart default settings
Risk:Reward-Ratio: > 2:1
Description: The chart formed a descending triangle and broke out of it. The sustainability of the break out is also confirmed by a high volume and a bullish MACD-crossover.
Trade active
Trade closed: stop reached