Nice trade setup, short term reversal of existing down trend in the daily gives a low risk entry on the long side.
Stop is tight, so either risk small at the stop or maybe consider using options to play this, keep in mind the box gives you an idea of the duration of a possible bullish swing here, use that as reference for option contract duration.
Best of luck!
Cheers,
Ivan Labrie.
Stop is tight, so either risk small at the stop or maybe consider using options to play this, keep in mind the box gives you an idea of the duration of a possible bullish swing here, use that as reference for option contract duration.
Best of luck!
Cheers,
Ivan Labrie.
Comment:
Has room and time to go...
Trade closed: target reached:
Cha-ching, 3.1:1 RR.
