Simple setup I'm using.
Support= Channel & / horisontal support.
Open=0,618
TP=Fib targets = channel targets.
SL=375$ (Start of leg to 444$)
Wick possible to extension after. => 500
Support= Channel & / horisontal support.
Open=0,618
TP=Fib targets = channel targets.
SL=375$ (Start of leg to 444$)
Wick possible to extension after. => 500
Note
Broke through wedge, you can buy on re-test (safest) or right now.Trade active
Note
SL/ moved to 400$Trade active
price rolled over and broke through my SL, in this case would have been better to wait for a re test on the wedge. This is around 397$ on this candle.Trade active
Note
Note
Bullish engulfing 4h, i expect to see more upside nowTrade closed: stop reached
Note
A looser stop would have been the thing :D
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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.