It's been hard to find a low risk entries within this correction. Here are two contenders. First bite at the 38.2 and the channel support, second at the 50%. 3-to-1 risk/reward on the 1st. 8-to1 on the second if it's available for a fill.
Traders choice.
You may not see this opportunity again anytime soon. But, there are no certainties in trading. Keep the size appropriate to your account size so if stopped out, the hit is manageable. There are certainly nervous longs so, it would not take much to see the market sell off some with the tighter stops being hit.
Keep it technical my friends...
Traders choice.
You may not see this opportunity again anytime soon. But, there are no certainties in trading. Keep the size appropriate to your account size so if stopped out, the hit is manageable. There are certainly nervous longs so, it would not take much to see the market sell off some with the tighter stops being hit.
Keep it technical my friends...
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