With stop below 447, entry at around current price of 465 and for target of 545, we get a good risk-reward ration more than 1:4
If price breaks below 450 we can look to short for target near next support levels of 320. But that is not the trade at present. Current trade is to buy as near to 450 as possible aiming for target above 500.
Nice support at around 450 from price levels going back to 2017. (Check weekly line chart below)
If price breaks below 450 we can look to short for target near next support levels of 320. But that is not the trade at present. Current trade is to buy as near to 450 as possible aiming for target above 500.
Nice support at around 450 from price levels going back to 2017. (Check weekly line chart below)
Trade closed: target reached:
Target of 545 reached. Closing partial position. Raising stop for the remaining to 530.
Trade closed: stop reached:
Stop was raised to 550