UBS offers a great trading opportunity (+10% returns)🟢 UBS offers a great trading opportunity (+10% returns)
UBS is offering today a 10% returns or more opportunity risking just 2% in the deal.
Furthermore, UBS has multiple patterns supporting this.
As a bonus point, I will explain how to do this trade RISK-FREE.
✅ What pattern is unfolding in UBS?
UBS formed few weeks ago a triangle as a continuation pattern.
After the break of the pattern UBS returned a 6% in 1 month .
Now we are in a pullback to the previous resistance level of the pattern, which is now a support.
Here, we have the chance to buy, use a tight stop loss under the support line of the previous triangle (green) and under the previous minimum done few days ago.
💰 How to trade this chart pattern?
Buy near the support green line with a tight stop loss, probably around 2%. You can potentially earn more than 10% if the pullback to the pattern works.
If the trade falls under the blue line, we will enter an important bear market in UBS, but if that happen you would have done a SL of 2% and you will be ready to trade a SHORT with a massive and fast return.
🛡️ The risk management strategy
As we have done in so many previous ideas, remember you can split the position in 2.
- 50% of the position in a take profits as large as your stop loss (adapt SL and this 1st TP to local supports/resistance levels). In this case, a 2% (see the chart)
- 50% of the position to a price as large as the previous pattern, which would mean a profit of 15 to 20%. Anyway, to increase our chances to arrive to the second TP, we recommend using a 10% take profits.
The second TP is less likely to happen, but as soon as the first one has been reached (extremely high probability), this becomes a RISK-FREE TRADE.
✴️ ENJOY AND FOLLOW for more 😊
