a breakout frm the "head-and-shoulder" pattern
personally I think this is a breakout frm the possible "head-and-shoulder" pattern. I would wait for the pullback to near 2705, resistance-turn-support level to get a better risk reward. ATR at hourly chart is 27-pts, so you can set a SL 27pts frm 2705, while tp at the highest close in hourly chart...around 2750...so you will get a close to 1 : 2 risk reward. that is a pretty gud trade. if you are the aggressive type, you can enter straight away tmr but your risk reward won't be that gud. Of course, if tmr is a gap up, that is a whole different story.
Plan your trade and trade your plan, gud luck trader.
DISCLAIMER : Warning! this is juz my personal trading idea, it is just for personal research and study ONLY. Trade at your own risk. Please be warned that trading futures is a high-risk investment tool. Don't risk more than you can afford.
Plan your trade and trade your plan, gud luck trader.
DISCLAIMER : Warning! this is juz my personal trading idea, it is just for personal research and study ONLY. Trade at your own risk. Please be warned that trading futures is a high-risk investment tool. Don't risk more than you can afford.
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.
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.