Bullish Pennant formed after a modest 9-month rally.
Great risk-reward ratio and target set at a potential formation of a 1-year resistance line.
- Target Entry $252.04
- Target Stop Loss $246.36
- Target Exit 279.40
About me
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss
Great risk-reward ratio and target set at a potential formation of a 1-year resistance line.
- Target Entry $252.04
- Target Stop Loss $246.36
- Target Exit 279.40
About me
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss
Comment:
Price broke through support in the first 30 min of the trading session. I will not enter at this stage.
Order cancelled