Extremely low risk on this trade - refer to bottom to see how i risk.
Price has just taken out most of the weeks highs via a very strong, consistent rally.
Im expecting price to fake this level to gain the luqidity it needs to push higher.
If price does not move higher and manages to break and stay below the newest low then i will close for a small loss and reverse the postion.
- I risk a % of my capital per 1% market change.
Example, 1% risk per 1% market change. Hover over the long tool in the idea to see the total % risk/gain for this trade.
I will also be trailing this trade as i have done my last, The TP is not infact my TP.
Price has just taken out most of the weeks highs via a very strong, consistent rally.
Im expecting price to fake this level to gain the luqidity it needs to push higher.
If price does not move higher and manages to break and stay below the newest low then i will close for a small loss and reverse the postion.
- I risk a % of my capital per 1% market change.
Example, 1% risk per 1% market change. Hover over the long tool in the idea to see the total % risk/gain for this trade.
I will also be trailing this trade as i have done my last, The TP is not infact my TP.
Trade closed: stop reached
Im out, can see this getting heavy. Reversing into a sell nowNote
Lost around 0.22% on that long 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.