I. Analysis
1. Stock in strong uptrend as identified by the series of hh/hl - we are looking at long opportunities
2. Stock broke was has been forming a tight build up with decreasing volatility conferring us a structure to trade from - we have a value zone
3. Price broke out to make new hight in the last session and hels - we have an entry trigger
Normally prefer to trade pullbacks, but this tight build up prior breakout confers assertiveness to the breakout and gives us a reasonable level to place our stop loss.
II. Trade
1. Enter next candle
2. SL 1ATR below low of the underlined build up
3. TP next swing high
Plsd to hear yr comments
Cheers
Ruben
1. Stock in strong uptrend as identified by the series of hh/hl - we are looking at long opportunities
2. Stock broke was has been forming a tight build up with decreasing volatility conferring us a structure to trade from - we have a value zone
3. Price broke out to make new hight in the last session and hels - we have an entry trigger
Normally prefer to trade pullbacks, but this tight build up prior breakout confers assertiveness to the breakout and gives us a reasonable level to place our stop loss.
II. Trade
1. Enter next candle
2. SL 1ATR below low of the underlined build up
3. TP next swing high
Plsd to hear yr comments
Cheers
Ruben
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.