Risky targets long positions for day traders
First Target is 0.536EGP as we are having a strong resistance there, so we can sell half and try to catch the 2nd target of 0.573EGP (that's the highest point in the downtrend started 14 Dec.),
The risk/reward ratio is 0.8-0.85 that's why i see it risky, but why not!!
you can paper-trade it anyway to see the results and regret or celebrate later xD
My Analysis is just for fun and educational purposes not financial advice, Best of luck!
The risk/reward ratio is 0.8-0.85 that's why i see it risky, but why not!!
you can paper-trade it anyway to see the results and regret or celebrate later xD
My Analysis is just for fun and educational purposes not financial advice, Best of luck!
Trade closed: target reached:
1st target reached 0.557EGP
Trade closed: target reached:
2nd target reached in the 5th of May ( 0.568EGP ) :))