Breakout on the cards with ascending triangle formation

26 Apr 2018

Long term trend is up and price continues to respect that trend line, however ascending triangle formation is in place. Majority of the time this means it is a continuation pattern (however can also be a reversal pattern so a tight stop is advised).
Look for long position on the trend line with confirmation via a candlestick pattern/ oscillator with stop being on a closing basis below at 2590

3 Mei 2018

Catatan

A good long entry is around the 2590-2610 level... tight stop/ flip position should be in place in case of breakout to the downside.

4 Mei 2018

Trade aktif

Entered long position following the trend lint, Now I am looking to average in along the trend line and keep a tight stop.

7 Mei 2018

Catatan

Another Pin bar and fractal setup completed on Friday close (these both signals reversal to the upside).... Looking for the breakout to the upside hopefully this week.
If no breakout look to take some profit on 1/4 or 1/2 of position following the bounce from and close below the upside resistance.

10 Mei 2018

Catatan

If current candle closes below the trend line i will look to take 25%-50% profit on the trade.

12 Mei 2018

Catatan

Look to take about half the profit around the 2785 level...

12 Jun 2018

Catatan

Initial target achieved +185 points, still long 50% of position size and will look to implement a trailing stop to lock in remainder of profit.

20 Jun 2018

Trading ditutup: target tercapai

Position closed on the trailing stop during Tariff's between US & China. + 185 points on initial 50% target and +166 on stop for 2nd 50%

Total 351 points in 6 and 1/2 weeks