BG - 11.42% Potential Profit - Bullish Pennant

Bullish Pennant breaking out after a 7-month uptrend.

Trying to capture the breakout right out of the gate and eventually lock profits well before the target, which I believe to be the best strategy given the period.

I am being very selective lately and I only trade when I see very limited risk, with potentially great rewards. This is why I like this setup. There is no clear technical target, this is why I will adjust stop-losses daily (and intraday) based on how the market behaves.

- Target Entry $50.59
- Target Stop Loss $50.04
- Target Exit $56.63

About me
- P/L September +49.18% | August: +232.32% | No Trades without Analysis
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss
Trade closed: target reached: +7.85% profit

Closed earlier as I feel that the tension on the floor is getting higher and higher close to the elections. I would rather book profit now than aim for a few additional percentages points, but risking a brutal pullback.
Comment: I have really enjoyed this trade, one of my favorites for the past 3 months. The risk/reward ratio was marvelous.

These are the perfect setups I love to trade - they are not common, but they exist.


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