WESFARMERS LIMITED
Long
Aggiornato

Wesfarmers take 2# long

197
-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
Nota
Big picture
istantanea
Nota
Stop buy @ 50.51
SL @ 49.70
TP @ 57.17
Nota
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
Trade attivo
Order filled
Nota
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
istantanea
Nota
Am somewhat more at ease after today, Still dubious
istantanea
Trade chiuso: stop raggiunto
I was wrong wrong wrong

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