KEY has reached the support trendline of the channel for the fourth time. I expect it to rebound and go upward. The risk to reward is about 3.5, which is not super good, but I feel confident about this trade. If it does follow the channel well, my stop-loss will move higher and higher and risk will decrease. Otherwise, my stop-loss is at $9.90. It's intentionally below $10.00 which may be a natural support region.
Trade active
Took partial profits at $12.45Trade active
Didn't reach as high as I expected. It is currently at a support line so I'll add on to my positionTrade closed manually
Looks like the channel is breaking down
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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.