Price has already broken out of triangle bottom
Trade money management is:
Enter 2 trades at daily close below triangle bottom = 50.86 Entry
SL is 1.5 x ATR (1.49) = 2.24 from close of breakout candle (50.86 + 2.24 = 53.10 SL for both trades)
TP is 1 x ATR = 1.49 from close of breakout candle (50.86 - 1.49 = 49.37 1st TP)
When 1st trade TP is hit move 2nd trade SL...
Hello Guys,
Market is tumbling down as expected and suggested by myself so many times, while the majority of traders and financial analysts were suggesting to buy.
My target for the next months is 30 Euro.
Thank you,
See you soon,
Simone
D1 - Two bigger cycle (Yellow)
Two smaller cycles (Blue) inside each leg of the bigger cycle.
H4 - Price is trading inside a channel. We have divergence.
We will be looking for a breakout above the channel to start looking for buys.
Ideally and most conservatively, we want to see a break above 76.90 zone.
If the stock breaks below, 67 zone will be the next...
