Price is at ATH. You can tell this in strong bullish trend even at first glance.
Trend is very strong even if you buy at current ATH 1250 and hold, it can be decent swing trade.
Of course price will make a higher swing low. Maybe best range will be around 1070-1085.
Trend direction - Bullish Confirmed.
Trade direction - Bullish confirmed aligned with long term trend.
Entry : 1070-1085.
SL : 1035 (book half here)
Final SL: 1000 (Exit completely)
Target: Current ATH 1250.
Risk Reward: 1:5
If you can just wait for optimal entry, you reduce your SL risk significantly.
These are types of trades where chart actually invites you to enter, should be never avoided. At least enter with 10qty. You never know compounding effect.
This is what I call high quality trade.
- Clear Trend established with no confusion, even in bearish market
- No sign of exhaustion
Trend is very strong even if you buy at current ATH 1250 and hold, it can be decent swing trade.
Of course price will make a higher swing low. Maybe best range will be around 1070-1085.
Trend direction - Bullish Confirmed.
Trade direction - Bullish confirmed aligned with long term trend.
Entry : 1070-1085.
SL : 1035 (book half here)
Final SL: 1000 (Exit completely)
Target: Current ATH 1250.
Risk Reward: 1:5
If you can just wait for optimal entry, you reduce your SL risk significantly.
These are types of trades where chart actually invites you to enter, should be never avoided. At least enter with 10qty. You never know compounding effect.
This is what I call high quality trade.
- Clear Trend established with no confusion, even in bearish market
- No sign of exhaustion
Trade active
If price does not close below 1835, we might not get entry price at our preferred golden zone.If it is consolidating at current levels, you can enter with SL below consolidation area.
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.