Now this trade may go sideways for awhile, as it still works its way inside this , but with Support here at these prices its worth a risk as we see good support here and a healthy R:R 3:1
10+ Years Professional Trader and Trading Educator
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In trading, there are Winners and Losers. Accept it. If you can't you shouldn't be trading.
We protect our capital with stop losses. Our winning trades eat up our losing trades, with the goal, over a series of trades, to be NET POSITIVE.
Ignore newbies who are uneducated in trading & investing and say "You were so wrong" (we as traders know, a loss is insignificant over a number of trades).
Each trade posted is YOUR FREE CHOICE, YOUR RISK MANAGEMENT and YOUR RESPONSIBILITY.
Always factor in "WHAT IF I LOSE MONEY ????"
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"How confident are you on this analysis from a scale of 1-10 SEAN_VENGAN? "
Your question tells me you are looking to pass the responsibility to me when you should be taking FULL RESPONSIBILITY for ALL YOUR TRADES.
If you take the last section from around 21 Sep you can draw from there. Having said that, you have clearly identified price channels which is a good start