I took support twice today, but it bounced from there. So, I can take a buy position and keep the support level as my stop loss, which will be difficult to break.
Price hitting support with RSI divergence, so it's a good opportunity to buy.
Since it is currently trading at a support level that has failed to break twice and offers a good risk-to-reward ratio, it may be advisable to sell at the band.
buy at green trend line. keep Risk : Reward = 1 : 2
trend line formation, buy at below Green trendline, sell at red line
buy due to contraction pattern with good risk: reward ratio
good risk to reward risk=6% reward=25% r:r ratio=6:1
good risk to reward Risk = 9% Reward = 50% R:R ratio= 6:1
When a trendline is broken, it means that the price has moved beyond that level, which can be an indication of a potential change in the market trend.
When a trendline is broken, it means that the price has moved beyond that level, which can be an indication of a potential change in the market trend.