Two Buy Zones. The Channel is nice at Zone 1. Either you're in with a tight stop at Zone 1, or you're in at Zone 1 and adding at Zone 2. Just a matter of risk tolerance and account size. No need to be a hero though... First trade should be on the smaller size, IMHO. Risk Reward of 12-to-1. Nice! There will be plenty of opportunity to add if the low is in here...
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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.