I think you meant to say the entry point is either 103,900 or 105,500. Assuming the correct entry point is one of these:
- Entry Point: 103,900 or 105,500
- Target: 104,900
- If entry point is 103,900 target looks like 1,000-point gain
- If entry point is 105,500 target looks like 600-point loss, which doesn't make sense given the target is supposed to be a gain. Given the numbers, let's assume the entry point is 103,900.
- Stop Loss: 103,100 (800-point risk)
Risk-reward ratio looks decent if entry point is indeed 103,900! Let's see how it plays out. What's your trading strategy behind this setup? Are you expecting a bullish breakout?
- Entry Point: 103,900 or 105,500
- Target: 104,900
- If entry point is 103,900 target looks like 1,000-point gain
- If entry point is 105,500 target looks like 600-point loss, which doesn't make sense given the target is supposed to be a gain. Given the numbers, let's assume the entry point is 103,900.
- Stop Loss: 103,100 (800-point risk)
Risk-reward ratio looks decent if entry point is indeed 103,900! Let's see how it plays out. What's your trading strategy behind this setup? Are you expecting a bullish breakout?
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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.