Chart pattern: Bull flag
Entry: 65.78$ (this would end the downtrend which is active since the beginning of August 2020)
Stop: 54.18$
Target: 93.354
Stopmanagement: ATR Stops weekly chart default settings
Risk:Reward-Ratio: > 2.3:1
Description: Since August 2020 the chart is forming a bull flag with a nice corrective pattern (which retraced under the 38 Fibonacci retracement). Target is the 1:1 Fibonacci extension of the former impusliv move. Additionally, the MACD is also confirming the change in trend.
Ordersize: If you have a 10000K to trade and you only want to risk 1% of your volume, you can enter this trade with 570$.
Entry: 65.78$ (this would end the downtrend which is active since the beginning of August 2020)
Stop: 54.18$
Target: 93.354
Stopmanagement: ATR Stops weekly chart default settings
Risk:Reward-Ratio: > 2.3:1
Description: Since August 2020 the chart is forming a bull flag with a nice corrective pattern (which retraced under the 38 Fibonacci retracement). Target is the 1:1 Fibonacci extension of the former impusliv move. Additionally, the MACD is also confirming the change in trend.
Ordersize: If you have a 10000K to trade and you only want to risk 1% of your volume, you can enter this trade with 570$.
Comment:
Stopmanagement: 56.50$
Comment:
Stopmanagement: 60$