Chart pattern: Bull flag
Entry: Immediately (this would end the secondary downtrend of the correction)
Stop: 37.90$
Target: 57.50$
Stopmanagement: ATR Stops daily chart default settings
Risk:Reward-Ratio: 1.5:1
Description: The chart is forming a bull flag with a nice corrective pattern (which retraced under the 38 Fibonacci retracement). Target is the 1:1 Fibonacci extension of the former impuslive move.
Ordersize example: If you have a 10000K to trade and you only want to risk 1% of your volume, you can enter this trade with 600$.