Bank Of Nova Scotia

NYSE:BNS   Bank Nova Scotia Halifax Pfd 3
Chart pattern: Bull flag

Entry: Immediately (this would end the secondary downtrend of the correction)

Stop: 60.48$

Target: 72$

Stopmanagement: ATR Stops daily chart default settings

Risk:Reward-Ratio: > 3:1

Description: The chart is forming a bull flag with a nice corrective pattern (which retraced near the 38 Fibonacci retracement ). Target is the 1:1 Fibonacci extension of the former impuslive move.

Ordersize example: If you have a 10000K to trade and you only want to risk 1% of your volume , you can enter this trade with 2380$.
Trade active
Stopmanagement: 62.50$
Stopmanagement: 63.10$


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