FMG Reversal triangle

-54 Week Descending triangle
-Relatively defined boundaries for a large pattern
-Declining volume
-Could require more time to fill out pattern

100 basis points planned, 50 on break, 50 on break and close

Comment:

Did not get my sell stop order in before open so limit sell orders in place, will sell at market closer to the close if not filled

Trade active:

50 basis points, will add a further 50 if reasonable break and close proves to be the case

Comment:

Short a total of 100 basis points

Comment:

Stop 4.60

Comment:

Stop 4.52

Comment:

Stop 4.45

Trade closed: stop reached:

Stopped @ 4.46

Comment:

Will give this one more attempt.
Sell stop @ 4.38 with SL @ 4.64
80 basis points