Reasons to buy on a breakout from the consolidation zone:
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Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
- Valid break-out pattern with a clear consolidation zone (squeeze)
- Steady accumulation and increase in volume
- Smaller time-frame breakout patterns to the upside have hit target (trend continuation)
- High return on investment (44%) with 6.5:1 risk/reward
Please leave a comment and a like if you agree with this analysis.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Note
Wait for the retracement to complete before adding more to positionNote
Next target: Note
Moved stops to BE for a free trade
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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.
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.