Based on the current market view, we have been in a sidemarket channel for the last week.
We can see that the channel was made from 41.000 as a top and 39000 as a bottom.
By using these values and taking a look at the same time on the ATR and implied volatility, we can with certain degree estimate the next movement of this asset.
This is a 1:2 Risk/reward ratio short entry
Key points :
Stop loss : 41500
Take profit : 39200
We can see that the channel was made from 41.000 as a top and 39000 as a bottom.
By using these values and taking a look at the same time on the ATR and implied volatility, we can with certain degree estimate the next movement of this asset.
This is a 1:2 Risk/reward ratio short entry
Key points :
Stop loss : 41500
Take profit : 39200
🔻Website: hercules.money/
🔻Blog: hercules.money/blog/
🔻Telegram : t.me/hercules_trading
🔻Trader Psychology Profile – thelumenism.com/
🔻Blog: hercules.money/blog/
🔻Telegram : t.me/hercules_trading
🔻Trader Psychology Profile – thelumenism.com/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🔻Website: hercules.money/
🔻Blog: hercules.money/blog/
🔻Telegram : t.me/hercules_trading
🔻Trader Psychology Profile – thelumenism.com/
🔻Blog: hercules.money/blog/
🔻Telegram : t.me/hercules_trading
🔻Trader Psychology Profile – thelumenism.com/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.