Reasons to buy using a STOP-LIMIT order:
1. Valid break-out pattern with a clear consolidation zone
2. Smaller break out pattern triggered and reached profit target = bullish sign
3. Consolidation occurring at the upper trend line of the larger break out pattern
4. Increase in volume prior to break out
5. High return on investment (56%) with massive 14:1 risk/reward
Enjoy.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
1. Valid break-out pattern with a clear consolidation zone
2. Smaller break out pattern triggered and reached profit target = bullish sign
3. Consolidation occurring at the upper trend line of the larger break out pattern
4. Increase in volume prior to break out
5. High return on investment (56%) with massive 14:1 risk/reward
Enjoy.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Note
4.1 risk/reward typo..Trade closed manually
Failed setup. No tradeNote
Price is still within pattern. Keep an eye as it might consolidate furtherNote
Lift off!Trade closed: target reached
Perfectly touched the projected profit target!
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.
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.