Long Trade on AB - Possible entry Sep. 19 2022
Trend:
Uptrend since May 2022, confirmed UT with break of previous high in June. Nice pattern with higher highs and higher lows.
Currently 3rd bounce on the trend line. Also, previous downtrend line has now been used as support.
Setup:
Calculation with candle touching trend line on Sep. 16
Fluff 1%
Take Profit determined with angle of previous bounces and channel resistance line
Risk Reward Ratio >3:1 (3.33)
Place trade to enter with stop order on Sep. 17
DYOR
Best,
Raphaela
Uptrend since May 2022, confirmed UT with break of previous high in June. Nice pattern with higher highs and higher lows.
Currently 3rd bounce on the trend line. Also, previous downtrend line has now been used as support.
Setup:
Calculation with candle touching trend line on Sep. 16
Fluff 1%
Take Profit determined with angle of previous bounces and channel resistance line
Risk Reward Ratio >3:1 (3.33)
Place trade to enter with stop order on Sep. 17
DYOR
Best,
Raphaela
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