T-Mobile US (TMUS) Long Daily 14/10/24
Asset Class: Stocks
Income Type: Daily
Symbol: TMUS
Trade Type: Long
Trends:
Short Term: Up
Long Term: UP
Set-Up Parameters:
Entry: 211.71
Stop: 210.78
TP1 211.71 (1:1)
TP2 213.58 (2:1)
TP3 214.5 (3:1)
TP4 215.45 (4:1)
Trade idea:
1H fresh demand zone formed by a drop-base-rally at the breakout level, with a Fair Value Gap above and a 1:4 risk-reward ratio. The stock has been in an uptrend channel since September 23.
!!Be aware of pending Economic Reports. If price is within 20 pips of proximal value at time of major impact report, then Confirmation entry.
Trade management:
**When price hits 1:1 or T1, consider moving stop to entry in case of pullback.
**Disclaimer**:
The trading strategies, ideas, and information shared are for educational and informational purposes only. They do not constitute financial advice or a recommendation to buy or sell any securities, currencies, or financial instruments. You should do your own research or consult with a licensed financial advisor before making any trading decisions. The author assumes no responsibility for any losses incurred from following these trading ideas.
Income Type: Daily
Symbol: TMUS
Trade Type: Long
Trends:
Short Term: Up
Long Term: UP
Set-Up Parameters:
Entry: 211.71
Stop: 210.78
TP1 211.71 (1:1)
TP2 213.58 (2:1)
TP3 214.5 (3:1)
TP4 215.45 (4:1)
Trade idea:
1H fresh demand zone formed by a drop-base-rally at the breakout level, with a Fair Value Gap above and a 1:4 risk-reward ratio. The stock has been in an uptrend channel since September 23.
!!Be aware of pending Economic Reports. If price is within 20 pips of proximal value at time of major impact report, then Confirmation entry.
Trade management:
**When price hits 1:1 or T1, consider moving stop to entry in case of pullback.
**Disclaimer**:
The trading strategies, ideas, and information shared are for educational and informational purposes only. They do not constitute financial advice or a recommendation to buy or sell any securities, currencies, or financial instruments. You should do your own research or consult with a licensed financial advisor before making any trading decisions. The author assumes no responsibility for any losses incurred from following these trading ideas.
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.