Parallel Channel/Engulfing Low risk trade
Updated
Prices have nicely formed Up sloping channel and today's Engulfing offers an opportunity to go long at current level. One can risk the amout of one bar only. Prices have bounced at retest of lower trend line . We can initiate the long trade as the details given below
Entry 431
SL 408(closing)
Target 492
Risk/Reward Ratio 2.65
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Entry 431
SL 408(closing)
Target 492
Risk/Reward Ratio 2.65
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Trade active
Note
Trade is going well SL raised to 437 so it is a risk free trade now :)Trade closed: target reached
Stress Free trade did very well :)
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