This is a relatively tight trade setup with a potential profit of $20 and a stop loss of $10.
Risk-Reward Ratio Your risk-reward ratio is 1:2, meaning that for every dollar you risk, you're potentially gaining two dollars.
Trading Considerations - Make sure to monitor the market closely and adjust your trade setup as needed. - Consider setting a trailing stop loss to lock in profits. - Keep an eye on market news and events that could impact the price movement.
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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.