RNDR Support Bounce Long Setup
Rules met to enter:
Price has nicely previously bounced from our support levels. Price is above VWAP. We attempt to enter on the previously lowest wick in the support zone. SL is placed below VWAP and TP is calculated using a 4:1 Ratio base day on our SL.
Price has nicely previously bounced from our support levels. Price is above VWAP. We attempt to enter on the previously lowest wick in the support zone. SL is placed below VWAP and TP is calculated using a 4:1 Ratio base day on our SL.
Comment:
Note: I almost always trail my stop loss to lock in gains. My goal is to scalp the market, protect gains and move onto the next trade. Happy trading!
Trade closed: target reached