The day is ending - time to adjust the sl of the opened longposition. The Flag Trades Stopp is thinkable at the 0,382 fibo, the ultrashortterm SL near below the last Low
I am a friend from saving my profits, so in my opinion it makes sense, to close half the position now. Win: Entry (708) - Exit (750) = Further 42$!
Cheers
Origin Flag-Trade-Analysis from yesterday evening:
The last wave dipped intraday 2 times the 0,5 fibo retracement..was that the hole consolidation? If the flag really is a flag , the next target could be 785 ...omg! ...sometimes, when you don`t believe what you are seeing - it`s true ! ;-)
perhaps a sl-adjustment makes sense..here is an example
SL-adjustment.....additional, i have illustrated a possible sl, for ultrashortterm-traders. The orange sl is the sl for the flagtrade
Comment
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Ultrashortterm sl reached at 763
Trade closed: stop reached
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Comments
The_Cannalyst
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The_Cannalyst
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SL triggered @ 761 . cheers
The_Cannalyst
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SL-Adjustment - Preparation to close the shortterm long