FL - 8.46% Potential Profit - Bullish Pennant
Updated
This week we need to play conservative and take home whatever we can. Targets are moderate and realistic, and I aim to close positions fast, often before the end of the day.
Allocate less than usual capital if you would like an extra layer of safety. The market is uncertain and we want to keep our risk to the minimum.
About Entry / Exit, I have two options, based on how the market opens. A Limit or a Stop buy - Stop Losses change accordingly.
- 6-month Uptrend
- RSI + Stoch above 50
- MACD above Signal
Suggested Entry $32.19 (Limit) or $32.87 (Stop)
Suggested Stop Loss $31.46 (if you enter Limit) or $32.26 (if you enter Stop)
Target price $34.97
About me
- August P/L: +203.83% | Wins 85.19% | No Trades without Analysis
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
Allocate less than usual capital if you would like an extra layer of safety. The market is uncertain and we want to keep our risk to the minimum.
About Entry / Exit, I have two options, based on how the market opens. A Limit or a Stop buy - Stop Losses change accordingly.
- 6-month Uptrend
- RSI + Stoch above 50
- MACD above Signal
Suggested Entry $32.19 (Limit) or $32.87 (Stop)
Suggested Stop Loss $31.46 (if you enter Limit) or $32.26 (if you enter Stop)
Target price $34.97
About me
- August P/L: +203.83% | Wins 85.19% | No Trades without Analysis
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
Trade active
Trade closed: target reached
10.28% profit.Loved this trade.
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