This will be my next trade setup. I will forego doing anymore buying inside of this bear flag. I have set my sell limit order at where I think is a good spot. Inside of the golden pocket of the weekly engulfing candle.
Feel free to enter in this same trade, of course using your own money management.
My limit sell
Entry: 40,117
Stop: 40,302 185 ticks
Target: 38,300 1,817 ticks 9.82 risk to reward
Once the bear flag has been broken, only then will I move to break even.
I expect this trade to be a 2-3 week hold
Feel free to enter in this same trade, of course using your own money management.
My limit sell
Entry: 40,117
Stop: 40,302 185 ticks
Target: 38,300 1,817 ticks 9.82 risk to reward
Once the bear flag has been broken, only then will I move to break even.
I expect this trade to be a 2-3 week hold
Note
I will be closely monitoring the golden pocket area in case I don't get filled
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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.