Strategy:Up-trend channel support bounce
RRR:3.1 to 5.3 :1
Trade time expectancy:TBD
Entry, SL, and TP justifications:Entry at HH/HC on 4hr - SL at 1/3 ATR beyond channel - L1 TP at midpnt - L2 TP at 1/3 ATR inside channel opposite
Notes:100k units - .5% Risk total (2 lots) - TP 50k units at target 1 and 50k units at target 2 (close entry orders if hits SL)
RRR:3.1 to 5.3 :1
Trade time expectancy:TBD
Entry, SL, and TP justifications:Entry at HH/HC on 4hr - SL at 1/3 ATR beyond channel - L1 TP at midpnt - L2 TP at 1/3 ATR inside channel opposite
Notes:100k units - .5% Risk total (2 lots) - TP 50k units at target 1 and 50k units at target 2 (close entry orders if hits SL)