SLI levels
# of Trade ideas: 2
Red lines – Take Profit
Green lines – Entry level
Purple lines – Stoploss
Both ideas are Weekly level ideas but exact price was derived on the daily chart. The first level, being the higher one, is a tighter stop because we believe it must hold up at or near the support level drawn or move to the lower support levels, while still offering good risk-to-reward if that higher support level holds given the strength of the recent uptrend.
In both cases, either the first idea works or the second idea does, sell half at the first profit target and the rest at the second profit target.
Remember not to risk more than 1% of your account :)
# of Trade ideas: 2
Red lines – Take Profit
Green lines – Entry level
Purple lines – Stoploss
Both ideas are Weekly level ideas but exact price was derived on the daily chart. The first level, being the higher one, is a tighter stop because we believe it must hold up at or near the support level drawn or move to the lower support levels, while still offering good risk-to-reward if that higher support level holds given the strength of the recent uptrend.
In both cases, either the first idea works or the second idea does, sell half at the first profit target and the rest at the second profit target.
Remember not to risk more than 1% of your account :)