Description
⋅ Reasons to buy on a breakout from the consolidation zone:
- Valid break-out pattern with a clear consolidation zone (squeeze)
- Steady accumulation and increase in volume
- Smaller time-frame breakout patterns to the upside have hit target (trend continuation)
- High return on investment (44%) with 6.5:1 risk/reward
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Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice. Comment
⋅ Wait for the retracement to complete before adding more to position
Comment
⋅ Comment
⋅ Moved stops to BE for a free trade