**Coffee Bull Flag Breakout Plan:**
1. **Entry:**
- Buy on candle close above flag resistance
- Analyse shorter time frame like 1 or 4 h to get better price
2. **Stop Loss:**
- Below flag low
- Use 2% account risk max
3. **Take Profit:**
- Target 1: Height of flagpole added to breakout point
- Target 2: Next major resistance level
4. **Key Confirmations:**
- Increasing volume on breakout
- Higher timeframe uptrend intact
- Strong momentum indicators
5. **Management:**
- Move stop to breakeven at +50% to first target
- Take partial profits at first target
1. **Entry:**
- Buy on candle close above flag resistance
- Analyse shorter time frame like 1 or 4 h to get better price
2. **Stop Loss:**
- Below flag low
- Use 2% account risk max
3. **Take Profit:**
- Target 1: Height of flagpole added to breakout point
- Target 2: Next major resistance level
4. **Key Confirmations:**
- Increasing volume on breakout
- Higher timeframe uptrend intact
- Strong momentum indicators
5. **Management:**
- Move stop to breakeven at +50% to first target
- Take partial profits at first target
Trade active
limit order triggeredTrade closed: stop reached
hit SL. its Fake break out 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.
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.