BWA: 6% upward potential to current HH

🐂 Trade Idea: Long - BWA

🔥 Account Risk: 1.00%

📈 Recommended Product: Knockout

🔍 Entry: +/- 48.28

🐿 DCA: No

😫 Stop-Loss: 45.29 (46.67 for aggressive trade)

🎯 Take-Profit #1: 51.05 (50%)

🎯 Take Profit #2: -

🎯 Trail Rest: Yes

🚨🚨🚨 Important: Don’t forget to always wait for strong confirmation once possible entry zone is reached. Trade ideas don’t work all the time no matter how good they look. Do not get a victim of FOMO, there is always another trade idea waiting. 🚨🚨🚨

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BorgWarner is in a larger uptrend and currently finished its consolidation to the former HH (higher high), doing a liquidity grab there, and closed yesterday above it’s last LH (lower high) above the consolidation downtrend. We therefore assume that BorgWarner will at least test its current HH from the larger uptrend with possible upward potential from there.

This trade is based on price action alone.

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