For now, I am targeting a 4:1 R:R, but depending on what the chart gives me as price is getting closer to the level (which could be a while...or never) I may adjust to increase profit zone. Given the fact the initial zone began a large descent in price and formed a daily level makes this set-up high probability with potential to run.
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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.