This chart displays an Ascending Channel Pattern where the price is trending upward within parallel support and resistance lines. The long position designed here follows a 2:6 risk-reward ratio, indicating a calculated trade setup with a potential 50% profit at the target price of $3.717 and a controlled 18% loss at the stop-loss of $2.016.
The ascending channel suggests bullish momentum, and the strategy aligns with a breakout continuation toward the upper resistance level. However, if the price fails to sustain above the lower trendline, the trade could hit the stop-loss. This setup offers a favorable risk-reward profile for traders looking to capitalize on the channel's upward trajectory.
The ascending channel suggests bullish momentum, and the strategy aligns with a breakout continuation toward the upper resistance level. However, if the price fails to sustain above the lower trendline, the trade could hit the stop-loss. This setup offers a favorable risk-reward profile for traders looking to capitalize on the channel's upward trajectory.
Nota
Booked Partial Profits when it achieved 10% profits and 20% profits and moved SL to Entry for a Safe Ride 😉. 23% on your hands 🙌. Follow for more exciting trades like this Dagangan ditutup: sasaran tercapai
Booked Profits Partially and then hit SL on BE and closed trade in profit as usual 
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.