TITAN broke out of long term resistance
TITAN formed broadening wedge pattern on daily chart. Price broke out of resistance line today with strong bullishness. Entering at this level offers ideal risk reward of 1:5. I really like when risk is low like this one. Always I try to keep the risk at less than 5%. One can move the target as price moves in favour. Stop loss can be held just below previous swing low which is not far away.
Hope you like this idea. If so, please boost this idea or leave a comment below on what you think. Otherwise, happy trading :-).
Hope you like 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
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.
"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.