A small long position
We are playing the decade long support zone and buying and building a position here for a break out of this ascending triangle.....keeping position size small and will add as trend establishes itself. We are keeping stop loss below the 400 level as there might be some volatility. If price reverses and break below then our small position size will cost us 1-2% of our capital.
This is not a day trade but medium to longer term swing trade.
--TRADEPLICITY
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This is not a day trade but medium to longer term swing trade.
--TRADEPLICITY
Follow us for updates
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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.
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.