Bull flag on EOS
Updated
Another bullish flag pattern, this time on EOS.
This pattern has high probability of reaching the profit target should a break above Point (B) occur.
Use STOP-LIMIT order to catch the move and place stops below Point (C) when in a position.
If price fails to break Point (B) and drops below Point (C), trade setup is invalidated.
This is my FAVORITE pattern to trade in a BULL trend.
Take note the supply zone shaded in blue. There will be selling pressure in this area so trail/manage stops to lock in profits.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
This pattern has high probability of reaching the profit target should a break above Point (B) occur.
Use STOP-LIMIT order to catch the move and place stops below Point (C) when in a position.
If price fails to break Point (B) and drops below Point (C), trade setup is invalidated.
This is my FAVORITE pattern to trade in a BULL trend.
Take note the supply zone shaded in blue. There will be selling pressure in this area so trail/manage stops to lock in profits.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Trade active
Triggered the entry price. Interestingly, Bitcoin is trying to pump which would help this trade.Trade closed: target reached
BAM!
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