A Support / Resistance swing trade with great risk / reward.
Conservative: 1/14 risk/reward, bigger stop loss, smaller target
Aggressive: 1/61 risk/reward, smaller stop loss, bigger target.
Duration: Days to Weeks. Be patient.
Good luck everyone, let's hope support holds, and don't risk too much! I usually stick with 0.5%.
Enter the trade, set the stop Loss (+set the limit target, if your exchange lets you) And forget about the trade.
With 0.5% risk = 7 - 30% profit potential.
Conservative: 1/14 risk/reward, bigger stop loss, smaller target
Aggressive: 1/61 risk/reward, smaller stop loss, bigger target.
Duration: Days to Weeks. Be patient.
Good luck everyone, let's hope support holds, and don't risk too much! I usually stick with 0.5%.
Enter the trade, set the stop Loss (+set the limit target, if your exchange lets you) And forget about the trade.
With 0.5% risk = 7 - 30% profit potential.
Trade closed: stop reached:
Price hit Stop Loss