Wesfarmers take 2# long

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-Primary pattern is a 66 month horizontal range
-Of which as an unmet target of 57.31
-8 day pennant in which I tried the long side of has morphed into a 5 week flag with well defined boundaries
-Tight bollinger band squeeze on the daily
-An attractive R/R

30 basis points of risk planned
Uwaga
Big picture
snapshot
Uwaga
Stop buy @ 50.51
SL @ 49.70
TP @ 57.17
Uwaga
Stop @ 49.76 prior days low.
Breaking out now but on open 'retail' volume. Still keeping my buy stop above July high as I need that extra conviction for this trade
Zlecenie aktywne
Order filled
Uwaga
One of my pet hates is when price plumbs my order in the morning then turns down. It is not a detractor from the setup but always makes me tense to see if price will turn up short of my stop
snapshot
Uwaga
Am somewhat more at ease after today, Still dubious
snapshot
Transakcja zakończona: osiągnięto poziom stop
I was wrong wrong wrong
FlagRectangleTrend Analysis

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