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$.
Entry: Immediately (this would end the secondary downtrend of the correction)
Stop: 60.48$
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$.
Trade active
Comment:
Stopmanagement: 62.50$
Comment:
Stopmanagement: 63.10$