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Jan 21, 2021 7:55 AM

France 40 Uptrending Buy Order Long

France 40OANDA

Description

FRA40 Long Position

Entry: €5,644.6
TP & RR: €5,688.0
Stop Loss: €5,627.3

REASONS FOR THE TRADE

Breaking up from a descending triangle, I expect the price to retrace slightly and then continue the up move. Stop Loss is set below the trendline and the target is at a resistance level. Market Flow indicator show a clear move up.

The trade is slightly in retrospect as by the time I write the trade idea price started moving up. However, I think you may have a chance to enter again.

Trade closed: stop reached

Quick trade that was. Onto the next one.
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