There are times when you need to step back and look at the bigger picture. Staring right in front of me on the 1 hour chart is a dirty big bull flag pattern.
For this pattern, I prefer to enter on the break of the flag pole which is Point (B) using a STOP-LIMIT order. It reduces the R/R but there is a good chance of pattern completion.
Profit target is near the $7,000 area with stop below $6,660.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
For this pattern, I prefer to enter on the break of the flag pole which is Point (B) using a STOP-LIMIT order. It reduces the R/R but there is a good chance of pattern completion.
Profit target is near the $7,000 area with stop below $6,660.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Trade closed: target reached:
Thats one big green candle
