Symbol: LNET
Type: Long
Entry: The 13th bar
Exit: 1/2 @ 14:45 bar; 1/2 @ 15:45 bar
Result: Gained +0.97%
- Although a Hammer was formed on the 12th bar, I was a little concerned by the long Upper Shadow of the 11th bar
- Since the prices were in proximity of the rising 5eMA, I decided to give it a try
- My Protection Stop was set to just underneath the low of the 12th and 13th bar
- I exited half of my position when the prices reached the high of the 11th bar
- I exited the remaining half of my position at the blue line ($34.43)
- The blue line is drawn based on the daily-historical chart (see 2nd chart). It was from the mid-April high
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