The algorithm is proposing a trade in ITUB which seems quite interesting. A channel has been formed creating a kind of big flag.
The most probable scenario is a bounce to the upper zone again but be ready for a retest of the lows, so if the channel breaks down you can also profit by shorting with a risk reward of 2.
If the price bounce as expected, the risk reward is 5 so it's amazing in terms of ratios. You need just 1 trade to compensate 5 loses in similar trades.
The most probable scenario is a bounce to the upper zone again but be ready for a retest of the lows, so if the channel breaks down you can also profit by shorting with a risk reward of 2.
If the price bounce as expected, the risk reward is 5 so it's amazing in terms of ratios. You need just 1 trade to compensate 5 loses in similar trades.
⚡ Trading is not about luck or patience. Is about skills and knowledge. ⚡
I share my ideas, returns and knowledge here:
📚 👉 topchartpatterns.substack.com/subscribe 👈📚
🤝 Business contact: info@topchartpatterns.com
I share my ideas, returns and knowledge here:
📚 👉 topchartpatterns.substack.com/subscribe 👈📚
🤝 Business contact: info@topchartpatterns.com
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.
⚡ Trading is not about luck or patience. Is about skills and knowledge. ⚡
I share my ideas, returns and knowledge here:
📚 👉 topchartpatterns.substack.com/subscribe 👈📚
🤝 Business contact: info@topchartpatterns.com
I share my ideas, returns and knowledge here:
📚 👉 topchartpatterns.substack.com/subscribe 👈📚
🤝 Business contact: info@topchartpatterns.com
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.