This trade is a great example of when things just line up and the trade just works!
There was a break out from a sideways saucer type pattern on slightly increased volume in early January and then after a short 3 day rally, a flag pattern formed.
Entry was taken on the break of the flag pattern and a volatility stop was trailed under price action with an exit triggered (red line on the chart) on the 28th February.
Two solid patterns on the one chart, with the flag testing the breakout area of the saucer and then powering higher with strong volume.
The flag target of $5.15 was hit after only 7 candles and there was not any intention in the trade plan to take profits here. With trailing the stop the trade resulted in a 32% ROI over 41 days.
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