Long
Cornerstone Building Brands
Updated
Chart pattern: Bull flag
Entry: 14.50$ (this would end the secondary downtrend of the correction)
Stop: 13.32$
Target: 16.90$
Stopmanagement: ATR Stops hourly chart default settings
Risk:Reward-Ratio: > 2:1
Description: 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 impuslive move.
Ordersize example: If you have a 10000K to trade and you only want to risk 1% of your volume, you can enter this trade with 1250$.
Entry: 14.50$ (this would end the secondary downtrend of the correction)
Stop: 13.32$
Target: 16.90$
Stopmanagement: ATR Stops hourly chart default settings
Risk:Reward-Ratio: > 2:1
Description: 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 impuslive move.
Ordersize example: If you have a 10000K to trade and you only want to risk 1% of your volume, you can enter this trade with 1250$.
Trade active
Note
Stopmanagement: New stop at 14.36$Note
Stopmanagement: New stop at 14.55$Trade closed: stop reached
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