EWC - 6.17% Profit Potential Swing Trade Setup - Pennant Long

iShares MSCI Canada Index FundArca

Description

⋅ May 10, 2021 10:54 AM

Bullish Pennant formed after a steady bull run.

I have not identified a clear technical target, however, I love the risk/reward ratio on this trade and I still feel this is an opportunity to pursue.

- Target Entry: $36.83
- Target Stop Loss: $36.50
- Target Exit: $39.00
- Risk / Reward Ratio: 6.58

About me
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss