Hello traders!
In this trade we are looking for 25 pips on a sell from lines B to C. Based on PA at the T1 level price may not reach line D
but we never know. It`s recommended to position stop no further away than 1:1 RR away from entry, although this may vary with markets and volatility. When price reaches line B, the trade could be taken with a sell stop order, set and forget style, or could be taken depending on how each trader identifies momentum on lower time frames.
Best,
Jay
In this trade we are looking for 25 pips on a sell from lines B to C. Based on PA at the T1 level price may not reach line D
but we never know. It`s recommended to position stop no further away than 1:1 RR away from entry, although this may vary with markets and volatility. When price reaches line B, the trade could be taken with a sell stop order, set and forget style, or could be taken depending on how each trader identifies momentum on lower time frames.
Best,
Jay
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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.
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.