LRC is showing a bullish pennant formation. Pennants are not very reliable, but given the current volume momentum, I believe we will see higher prices.
I plan to enter this trade only after the breakout AND if price action stays above support. If you have already entered, please use a stop loss.
Entry: 5800 on breakout confirmation
TP1: 6500
TP2: 7400
TP3: 8000
SL: around 4995
*Not intended as trading advice, please use your own judgment when trading with real money.*
If you agree with this chart please give thumbs up!!! Comments are welcome :D
I plan to enter this trade only after the breakout AND if price action stays above support. If you have already entered, please use a stop loss.
Entry: 5800 on breakout confirmation
TP1: 6500
TP2: 7400
TP3: 8000
SL: around 4995
*Not intended as trading advice, please use your own judgment when trading with real money.*
If you agree with this chart please give thumbs up!!! Comments are welcome :D
Note
We had a breakout, but I would still like to wait for confirmation that we are staying above. There's room to come a little lower, so no need to rush right now. Also, you can move your SL a little higher.Note
This is sort of what I expect, it we don't break heavy resistance right nowNote
Targets 1 and 2 reached.TP1: 6500 (reached)
TP2: 7400 (reached)
TP3: 8000
Trade closed: target reached
All targets reached by 4/13.
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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.
Related publications
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.