This setup on the break and retest of the ascending trend line has a 50/50 chance of playing out right or being an absorption of liquidity before up move.
I either lose 1R or make 3.2R which might be 4.3R if scale-in goes well on a 50/50 probability..... Worth the risk.
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I either lose 1R or make 3.2R which might be 4.3R if scale-in goes well on a 50/50 probability..... Worth the risk.
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Related publications
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.