New Gold Inc.Long
New Gold
Updated
Chart pattern: Bull flag
Entry: 1.84$ (this would end the downtrend of the correction/bull flag)
Stop: 1.69$
Target: 2.31$
Stopmanagement: ATR Stops 4H chart default settings
Description: The chart is forming a bull flag with a nice corrective pattern (which retraced under the 38 Fibonacci retracement). Target is the 1:1.6 Fibonacci extension of the former impusliv move.
Entry: 1.84$ (this would end the downtrend of the correction/bull flag)
Stop: 1.69$
Target: 2.31$
Stopmanagement: ATR Stops 4H chart default settings
Description: The chart is forming a bull flag with a nice corrective pattern (which retraced under the 38 Fibonacci retracement). Target is the 1:1.6 Fibonacci extension of the former impusliv move.
Note
New Entry: 1.75$Trade active
Note
Stopmanagement: 1.70$
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