CNX - Clean set up
- This stock made its way onto our watchlist with the first bullish pin bar just below the 200 day EMA (First green arrow)
- We then drew up the trade plan with a bullish bias when the multiple inside bar pattern began to form with a stop loss below the formation and an initial target of $12 (previous event area)
- The trigger for entry was a break of the mother bar at 9.65
- The trade is now in the green and we have moved up the SL and reduced our risk
- Today we see a fresh bullish pin bar/inside bar combo, we will be adding more on the open tomorrow.
- Trading is not difficult if you are disciplined, Patient and have a plan.
- We then drew up the trade plan with a bullish bias when the multiple inside bar pattern began to form with a stop loss below the formation and an initial target of $12 (previous event area)
- The trigger for entry was a break of the mother bar at 9.65
- The trade is now in the green and we have moved up the SL and reduced our risk
- Today we see a fresh bullish pin bar/inside bar combo, we will be adding more on the open tomorrow.
- Trading is not difficult if you are disciplined, Patient and have a plan.
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