Wesfarmers continuation of huge horizontal zone breakout

-66 Month Horizontal range primary pattern
-Measured move up to 57.31
-8 Day pennant with horizontal boundary completion on friday close
-50SMA peeling away from 200SMA

30 basis points
Will enter only with limit order to retain a favorable R/R

Kommentera:

Limit buy order @ 50.55
SL @ 49.60
TP @ 57.25

Kommentera:

Filled @ 50.20 on the open

Kommentera:

Correction, 50.02 fill

Kommentera:

Only 13.5 basis points of risk with that fill. If close is above Friday's high, will add another 16.5 basis points of risk

Kommentera:

Will not pyramid based on existing pattern

Trade stängt: Stopp nått:

Stopped out