Strategy:Down-trend channel support bounce
RRR:2.35 to 6.75 :1
Trade time expectancy:TBD
Entry, SL, and TP justifications:Entry at LL/LC on 4hr - SL at 1/3 Daily ATR beyond channel - L1 TP at midpnt - L2 TP at 1/3 ATR inside channel opposite
Notes:160k units - .5% Risk - TP 80k units at target 1 and remainder 80k at target 2 (close any TP entry orders if price hits SL)
RRR:2.35 to 6.75 :1
Trade time expectancy:TBD
Entry, SL, and TP justifications:Entry at LL/LC on 4hr - SL at 1/3 Daily ATR beyond channel - L1 TP at midpnt - L2 TP at 1/3 ATR inside channel opposite
Notes:160k units - .5% Risk - TP 80k units at target 1 and remainder 80k at target 2 (close any TP entry orders if price hits SL)
Trade closed: stop reached:
Gap stop after weekend open