This time I've attempted to place a sell stop in a non-trending market based on support and resistance levels. I've identified 3 levels of support and 3 levels of resistance using the same methodology as the previous idea.
The entry point was a little below S2 and stop loss was configured slightly above S1. The calculation of profit levels and risk level has been the same since I started. Let's see how this one plays out.
The entry point was a little below S2 and stop loss was configured slightly above S1. The calculation of profit levels and risk level has been the same since I started. Let's see how this one plays out.
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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.