We are ready for both 2 scenarios trading the breakOut ,
1) will place buy stop pending order at 1.04201 with 1:1 risk to reward ratio placing SL below the support line.
2) will place Sell stop pending order at 1.03487 with 1:1 risk to reward ratio placing SL above the resistance line.
Although it’s 1:1 risk to reward ratio but this trade is if started at any of both directions it’s surely a safe trade!
1) will place buy stop pending order at 1.04201 with 1:1 risk to reward ratio placing SL below the support line.
2) will place Sell stop pending order at 1.03487 with 1:1 risk to reward ratio placing SL above the resistance line.
Although it’s 1:1 risk to reward ratio but this trade is if started at any of both directions it’s surely a safe trade!
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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.