Stocks are on fire today. I'm sure you won't have trouble finding good setups stockswise.
Meantime, had been tracking this baby for the past week. Noticing a sweet consolidation with low volatily and an entry trigger, as per my rules, just popped up.
1. Pair in a confirmed uptrend - trading above 50 MA and just consolidating after a 61 day rally.
2. Pair traind close to 50 MA - our value zone.
3. Strong bullish candle erupting from this 43 day consolidation as defined by the two blue trendlines forming a triangle-pennant pattern.
Trade
1. Entry: next candle - and advise to wait for candle completion for good order's sake.
2. SL: 1 ATR below 50 MA
3. TP: Closure below 1 ATR trail line
4. Position Size: 1pct ttl equity at risk only
Cheers,
RR
Meantime, had been tracking this baby for the past week. Noticing a sweet consolidation with low volatily and an entry trigger, as per my rules, just popped up.
1. Pair in a confirmed uptrend - trading above 50 MA and just consolidating after a 61 day rally.
2. Pair traind close to 50 MA - our value zone.
3. Strong bullish candle erupting from this 43 day consolidation as defined by the two blue trendlines forming a triangle-pennant pattern.
Trade
1. Entry: next candle - and advise to wait for candle completion for good order's sake.
2. SL: 1 ATR below 50 MA
3. TP: Closure below 1 ATR trail line
4. Position Size: 1pct ttl equity at risk only
Cheers,
RR
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Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.