Long
AGR. Range Breakout
AGR broke above 48.50 price level. Possible Long entry with ~2:1 ratio.
Key points:
Profit Target could be around 55 or higher if the breakout happens, initial Stop Loss around 47.50.
Key points:
- Range from January 2022 to July 2022
- 48.50 breakout
- Pullback
- Increased volume
- Extension to the primary direction of the breakout
Profit Target could be around 55 or higher if the breakout happens, initial Stop Loss around 47.50.
Trade closed: stop reached
Unfortunately the forecast was wrong and SL triggered for the trade.Looking back for the mistakes I can define the following:
48.50 breakout have been followed by divergence what is a sign of price weakness
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.