Making this trade official thanks to my team at RealLife Trading. All credit goes to them for bringing to my attention.
My plan is to set a limit fill at $17 and hope I can get triggered in. I loosed the stop from 16.78 to 16.65 because I think alot of the recent bearish activity is due to a sick killer wale and my buy signal on the RSI still hasn't touched the green.
With this setup this trade has a Reward:Risk ratio of 6:1 and almost 10:1 at the top of the parral channel. With summer coming soon I believe the stock repeat history and hit these targets.
Thank you Solange M from RealLife Trading for showing this one
My plan is to set a limit fill at $17 and hope I can get triggered in. I loosed the stop from 16.78 to 16.65 because I think alot of the recent bearish activity is due to a sick killer wale and my buy signal on the RSI still hasn't touched the green.
With this setup this trade has a Reward:Risk ratio of 6:1 and almost 10:1 at the top of the parral channel. With summer coming soon I believe the stock repeat history and hit these targets.
Thank you Solange M from RealLife Trading for showing this one
Trade active:
So I moved everything up by 1 dollar because of the gap this morning. I hope i did not chase it to far up because I do expect a retest. However looking at the past candles once it goes bullish after hitting that support it doesn't stop until it hits a target.
Trade closed: target reached:
Man this trade moved fast... If anyone was lucky enough to get in it now is the time to get out