Taking a little risk on this play but I think it could reach the target I have a stop loss set just in case trends don’t go as predicted but I’m seeing a strong uptrend. What are your thoughts?
5 min chart indicates bullish engulfing pattern, hourly is on an uptrend. Stop loss is set. What do you guys think? Good play or no?
An engulfing pattern occurred and I bought in. I set up a stop loss of 1785 with a selling point of 1869. I think the trend is heading up and decided on a selling point that seemed to have the least resistance. My projection is to sell before the decided sell point if I see downtrends coming and things start looking bearish. I am by no means saying it is...