After the initial head fake (see related chart below), OMG broke out in the expected direction. The triangle has been slightly revisited. If I wouldn't catch the initial breakout, no FOMO. I would just set the BUY LIMIT, chill and wait for pullback. ;-) It comes often. BUY LIMIT @ last local high before break. SL last local low. TP is height of the triangle projected from triangle breakpoint. Invalidated when the SL level is hit. I just set SL&TP and forgot (I will not even trail the SL, or set at breakeven), I will let the trade breathe. Cheers!
Trade active:
Order filled
Trade closed: target reached
