Long
BURGER KING - Healthy Risk Reward Ratio
Simple Price Action.
Awaiting a breakout preferably on the upper side with volume.
The confidence I'm deriving for an upside breakout is from the MACD which is about to undergo a positive crossover.
If Double Bottom is to be believed then the risk reward ratio here is MAGNIFICENT.
Awaiting a breakout preferably on the upper side with volume.
The confidence I'm deriving for an upside breakout is from the MACD which is about to undergo a positive crossover.
If Double Bottom is to be believed then the risk reward ratio here is MAGNIFICENT.
Trade active
The stock broke out and is descending along the trend line. Stop loss of 126 is on closing basis.Trade active
Made a Double Bottom and didn't breach 126Trade closed: target reached
All targets acheived.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.