Trent: A multichannel breakout with 1:6 RR

5 204

trent was moving in downward channel system 1 from October 24 to May 25

It has form a upward channel system 2 in the last 1 month

Today it made a breakout with significant volumn buildup.

Go long with 50% position on CMP

Remaining 50% could add after week candle confirmation

Sl should be around 5690 with the two target highlighted in green

A trade with excellent RR

Educational purpose! Happy learning 😁😁

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.