Trade 1: Wait for price to reach median trading range line/near top of support area and enter on bullish momentum
Risk/Reward to Target 2: 1/3
Trade 2: Wait for price to reach major trend line/near bottom of support area and enter on bullish momentum
Risk/Reward to Target 3: 1/7
Risk/Reward to Target 2: 1/3
Trade 2: Wait for price to reach major trend line/near bottom of support area and enter on bullish momentum
Risk/Reward to Target 3: 1/7
Note
Looks like the likelihood favored the trade 1 set-up, approaching first target.Note
Target 1 hit. Partial profits taken.
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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.