Setup: 5th Wave
Risk-Reward: Good (more than 1:1)
Certainty: High 70%+
Expected Value: Positive
Risk: 1% (we don't have a strong resistance, even tho it's really probable outcome)
Management: Wait to see how the momentum plays out. Take profits at 1:1 or wait for bigger gains. All depends on how the market reacts. Possible TP is to wait for daily close above EMA.
Risk-Reward: Good (more than 1:1)
Certainty: High 70%+
Expected Value: Positive
Risk: 1% (we don't have a strong resistance, even tho it's really probable outcome)
Management: Wait to see how the momentum plays out. Take profits at 1:1 or wait for bigger gains. All depends on how the market reacts. Possible TP is to wait for daily close above EMA.