PR Strong Buy $37 NR Junk $145
Ferrari NYSE RACE H&S Pattern Technical Analysis
expecting price to retrace once it hit $132, waiting for confirmation to go long once again attempt the LONG ENTRY, multiple targets, long term. Blue Box, time that can be for the price to consolidate and brake to new highs.
Main signals: double bottom triangle gap Buy 49.50-50.00 Stop-loss 47.34 (-1 tick under triangle) Target #1 57.50 Target #2 60.00
STOP IS BELOW THE LOW ...DAY TRADE TARGET IS THERE... IF YOU ARE AGGRESSIVE .....
Retest of the lows lead to a BULL Trap .....,Monster Flush..
Trading the patterns within the patterns......nothing perfect, just getting your hands dirty.
This is my first ever post on GBPUSD. I am very new to trading and THIS IS NOT A LIVE TRADE I am just checking my trading plan to see if I can go live very soon but with lots of confidence. So please go easy on me. I welcome any feedback good or bad. Thanks Rick
Stopped out on first entry at break even. ..........Re-entry Triggered......
PRICE ACTION ENTRY TRIGGERED....STOPS BREAK EVEN OR BELOW THE LOW OF THE ENTRY BAR IF FAILS TARGET.....POTENTIAL SHORT FOR AREAS OF INTETEST BELOW