JAG: Breakout Trading & Chart Pattern
Updated
JAG broke out of 0.40 resistance on 7th April, and continue hovering above 0.40, and going as far as 0.45. Today it gapped up, and broke 0.45. Possible flag/pennant chart identified, and it broke out of the pattern. Stochastic just did a bullish cross, but not yet overbought zone. SMI in high volatility area, so I expected quite a turbulent price hike/dive in the next few days.
EP: 0.468 (avg)
TP1: 10%
TP2: SMI turned dark green or ATR SL hit (will be updated daily)
SL: 5% / 0.445
JAG
EP: 0.468 (avg)
TP1: 10%
TP2: SMI turned dark green or ATR SL hit (will be updated daily)
SL: 5% / 0.445
JAGTrade closed: target reached
TP at 0.52 on 3rd May
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