Long
Oh My Gosh, here it comes!
After the initial head fake (see related chart below), OMG broke out in the expected direction. The triangle has been slightly revisited. If I wouldn't catch the initial breakout, no FOMO. I would just set the BUY LIMIT, chill and wait for pullback. ;-) It comes often. BUY LIMIT @ last local high before break. SL last local low. TP is height of the triangle projected from triangle breakpoint. Invalidated when the SL level is hit. I just set SL&TP and forgot (I will not even trail the SL, or set at breakeven), I will let the trade breathe. Cheers!
Trade active
Order filledTrade closed: target reached
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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.