Long
ARR 50% Retracement Opportunity
Hello beautiful humans,
A 50% retracement presented itself for ARR at the 11.47 level (entry).
Managing risk by risking 1% of the account size (eg. account size: $1000; risk of 1%: $10)
Placing stop loss / stop limit loss at 10.64 (exit); just below the 61.8% retracement.
Looking for the price to bounce off the 50% retracement level (entry), and head on up to the 14.00 level (exit), which provides a risk:reward of approx. 1:3
Thanks for listening.
Take care.
Friendly Remembering:
Manage your risk
Have a strategy; minimizes decision paralysis
Practice patience
Be patient
Enjoy the experience.
A 50% retracement presented itself for ARR at the 11.47 level (entry).
Managing risk by risking 1% of the account size (eg. account size: $1000; risk of 1%: $10)
Placing stop loss / stop limit loss at 10.64 (exit); just below the 61.8% retracement.
Looking for the price to bounce off the 50% retracement level (entry), and head on up to the 14.00 level (exit), which provides a risk:reward of approx. 1:3
Thanks for listening.
Take care.
Friendly Remembering:
Manage your risk
Have a strategy; minimizes decision paralysis
Practice patience
Be patient
Enjoy the experience.
Trade closed: stop reached
The learning continues...
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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.