AGR. Range Breakout

١٢ سبتمبر ٢٠٢٢

AGR broke above 48.50 price level. Possible Long entry with ~2:1 ratio.

Key points:

• Range from January 2022 to July 2022
  
• 48.50 breakout
  
• Pullback
  
• Increased volume
  
• Extension to the primary direction of the breakout
  

Profit Target could be around 55 or higher if the breakout happens, initial Stop Loss around 47.50.

١١ أكتوبر ٢٠٢٢

أغلقت الصفقة: تم الوصول لوقف الخسارة

Unfortunately the forecast was wrong and SL triggered for the trade.

Looking back for the mistakes I can define the following:

48.50 breakout have been followed by divergence what is a sign of price weakness