We're seeing a flag being formed on the 4HR, and we're going to enter long once we break out of the flag.
If the flag doesn't break out we're not entering the trade and this will be canceled!
See the related idea below on how we trade flags.
Once we breakout our stops ill be below the previous support!
If the flag doesn't break out we're not entering the trade and this will be canceled!
See the related idea below on how we trade flags.
Once we breakout our stops ill be below the previous support!
Order cancelled:
Price never broke the flag!
Trade active:
Stops below support
Comment:
Nice profit so far! Stops at entry now!