The overall idea of this setup is fairly simple, I will take the trade if it fulfills at least one of my criteria, A) The price has a 4H close above the $.6525 mark or B) The price drops down to the $.585 level.
The target prices are the same for both of these setups, the only thing that changes are the stop loss levels and the Risk/Reward ratios.
Set up A)
Position type: LONG
Open Price: $.6525
Target 1: $.7220 Risk/Reward ratio: 1.36
Target 2: $.88518 Risk/Reward ratio: 4.56
Target 3: $1.04 Risk/Reward ratio: 7.87
Stoploss: $.6040
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Setup B)
Position type: LONG
Open Price: $.5850
Target 1: $.7220 Risk/Reward ratio: 4.74
Target 2: $.88518 Risk/Reward ratio: 10.35
Target 3: $1.04 Risk/Reward ratio:15.74
Stoploss: $.5512
The target prices are the same for both of these setups, the only thing that changes are the stop loss levels and the Risk/Reward ratios.
Set up A)
Position type: LONG
Open Price: $.6525
Target 1: $.7220 Risk/Reward ratio: 1.36
Target 2: $.88518 Risk/Reward ratio: 4.56
Target 3: $1.04 Risk/Reward ratio: 7.87
Stoploss: $.6040
--------------------------------------.--------------------------------------------------------------------------------------------------------------------------------------------
Setup B)
Position type: LONG
Open Price: $.5850
Target 1: $.7220 Risk/Reward ratio: 4.74
Target 2: $.88518 Risk/Reward ratio: 10.35
Target 3: $1.04 Risk/Reward ratio:15.74
Stoploss: $.5512
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
