-72 Week Symmetrical triangle
-2 Week congestion at potential breakout zone which would clear previous peak at the beginning of the year
-200 Weekly SMA just above @ 40.80
-Bollinger bands squeezing on the daily
30 basis points of risk planned, am a buyer above $40
Idea not my own. Real Vision TV trade idea highlight fitted to my interpretation. 70% off yearly subscription, amazing resource.
-2 Week congestion at potential breakout zone which would clear previous peak at the beginning of the year
-200 Weekly SMA just above @ 40.80
-Bollinger bands squeezing on the daily
30 basis points of risk planned, am a buyer above $40
Idea not my own. Real Vision TV trade idea highlight fitted to my interpretation. 70% off yearly subscription, amazing resource.
Comment:
Buy stop order in place @ 40.40 with a stop @ 38.76
Trade active:
The entry isn't pretty coming into the close.
Comment:
I have a feeling I am trapped...
Comment:
Within ticks of beening stopped out before turning around to the upsode
Comment:
Testing weekly 200SMA
Comment:
On a monthly scale, the implications for a large, sustained move look promising especially with good stopping volume
Comment:
Stop moved 39.36
Comment:
Stop @ 40.40 (break even)