A trader may initiate a long position in GRT with a 15-minute time frame, as the price action is forming an "W" pattern. The entry point is targeted near the 0.3 Fib level at the structure break, with an expected swing high target of $0.2150 and a protective stop loss set at the recent swing low of 1620$. The potential reward to risk ratio is 6.
Trade Setup
Pattern : "W" Pattern
Time Frame : 15 Mins
Entry Fib Level: 0.1806$
Target : 0.2150$
Stop Loss : 0.1760 $
Risk Reward : 7
Trade Setup
Pattern : "W" Pattern
Time Frame : 15 Mins
Entry Fib Level: 0.1806$
Target : 0.2150$
Stop Loss : 0.1760 $
Risk Reward : 7
Trade active
Note
First Setup SL HitNote
Note
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Related publications
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.