AGR. Range Breakout

12 сент. 2022 г.

AGR broke above 48.50 price level. Possible Long entry with ~2:1 ratio.

Key points:

• Range from January 2022 to July 2022
  
• 48.50 breakout
  
• Pullback
  
• Increased volume
  
• Extension to the primary direction of the breakout
  

Profit Target could be around 55 or higher if the breakout happens, initial Stop Loss around 47.50.

11 окт. 2022 г.

Сделка закрыта: достигнута стоп-лосс цена

Unfortunately the forecast was wrong and SL triggered for the trade.

Looking back for the mistakes I can define the following:

48.50 breakout have been followed by divergence what is a sign of price weakness