Long oppertunity on TEXRAIL
TEXRAIL is currently near support level on daily chart. Given that the price broke out at this level with huge volume and appears there is a retest of the support level happening. Its a good time to enter long with stop loss just below breakout candle low. This trade provides ideal risk reward of 1:3. Can wait and see tomm to see if price is supported at this level before entering.
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Hope you liked this idea, if so please boost this idea or leave a comment below on what you think. Otherwise, happy trading :-)
"It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." — George Soros
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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.
"It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." — George Soros
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.