Hello!
I realized that I usually put signals which are just about to break or has just broke out which would need a throwback (pullback and retest) for a "perfect" risk/reward.
I was thinking I'll put an update now early on from a possible participant for us
We have a nice looking bullflag here.
We will follow this one and look, how it starts to play out
Give a like if you like this idea
-Jebu
I realized that I usually put signals which are just about to break or has just broke out which would need a throwback (pullback and retest) for a "perfect" risk/reward.
I was thinking I'll put an update now early on from a possible participant for us
We have a nice looking bullflag here.
We will follow this one and look, how it starts to play out
Give a like if you like this idea
-Jebu
Note
The price tested again the upper sloping resistance. I put an buy order ready, close to the vertical support and 50ema if it happens to spike drop fastly and come back. Stop is also activated 4-5%If the price happens to break upwards we wait for retest and then take an entry
Note
When/if we do see a break out upwards, we want to see the upper vertical resistance to be broken also. Which will work as confimationNote
We did hit our entry targetNote
Here it shows on USDT which I actually forgot to post beforehand, sorry about that.Take notice that this is not leveraged position. Target is 100-130% move. I marked with vertical red line the area after which I would turn little bearish and wait for a drop down. You don't want to risk on this trades anymore than you need to!
Note
Trade hit to stop loss. Lower support level worked nicely as a support.
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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.