In Daily chart , it breaks out the previous downtrend channel . Now, go to 30m chart, I am looking for triggers.
If 30m 8/34 EMA crosses up, I will long Haidilao. My stop will be the previous low 33.4
If 30m 8/34 EMA crosses up, I will long Haidilao. My stop will be the previous low 33.4
Trade active
Haidilao moved in my favor.On 30m chart, today I moved my STOP to 35.20. There is a Fibnacci symmetry zone in 35.2~35.3 area.
Trade closed: stop reached
I adjusted my STOP to 36.0 (yesterday?). It's like a trailing stop. I used Fibonacci symmetry.Today, price blowed through my STOP downward. I'm out.
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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.