Chart pattern: Bull flag
Entry: 16.05$ (this would end the secondary downtrend of the correction)
Stop: 12$
Target: 24.60$
Stopmanagement: ATR Stops daily chart default settings
Risk:Reward-Ratio: > 2:1
Description: The chart is forming a bull flag with a nice corrective pattern (which retraced under the 38 Fibonacci retracement). Target is the 1:1 Fibonacci extension of the former impuslive move.
Ordersize example: If you have a 10000K to trade and you only want to risk 1% of your volume, you can enter this trade with 400$.
Entry: 16.05$ (this would end the secondary downtrend of the correction)
Stop: 12$
Target: 24.60$
Stopmanagement: ATR Stops daily chart default settings
Risk:Reward-Ratio: > 2:1
Description: The chart is forming a bull flag with a nice corrective pattern (which retraced under the 38 Fibonacci retracement). Target is the 1:1 Fibonacci extension of the former impuslive move.
Ordersize example: If you have a 10000K to trade and you only want to risk 1% of your volume, you can enter this trade with 400$.