Uptrend Corridor Breakout formed after a 8-month rally. Multiple new support confirmation yesterday.
I usually want to see a support confirmation over a period of 2-3 days, however, I still feel that the risk/reward ratio is very acceptable. Therefore, I'll enter regardless. If you want to be safer, wait for further support bounces (although you might miss a run, if that happens).
- Target Entry $126.30
- Target Stop Loss $124.36
- Target Exit $134.95
About me
- P/L: Oct-Nov-Dec Trading Suspended | September +49.18% | August: +232.32% | No Trades without Analysis
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss
I usually want to see a support confirmation over a period of 2-3 days, however, I still feel that the risk/reward ratio is very acceptable. Therefore, I'll enter regardless. If you want to be safer, wait for further support bounces (although you might miss a run, if that happens).
- Target Entry $126.30
- Target Stop Loss $124.36
- Target Exit $134.95
About me
- P/L: Oct-Nov-Dec Trading Suspended | September +49.18% | August: +232.32% | No Trades without Analysis
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss