Risky targets long positions for day traders
Updated
First Target is 0.536EGP as we are having a strong resistance there, so we can sell half and try to catch the 2nd target of 0.573EGP (that's the highest point in the downtrend started 14 Dec.),
The risk/reward ratio is 0.8-0.85 that's why i see it risky, but why not!!
you can paper-trade it anyway to see the results and regret or celebrate later xD
My Analysis is just for fun and educational purposes not financial advice, Best of luck!
The risk/reward ratio is 0.8-0.85 that's why i see it risky, but why not!!
you can paper-trade it anyway to see the results and regret or celebrate later xD
My Analysis is just for fun and educational purposes not financial advice, Best of luck!
Trade closed: target reached
1st target reached 0.557EGPTrade closed: target reached
2nd target reached in the 5th of May ( 0.568EGP ) :))
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.