Hmm what's my train of thought on this ticker
BN4
, at first glance, it's bearish.
Just a quick one, I would like to split into two style of trades:
For a scalper:
Mark the area $4.76 to $4.90, that is our waiting zone area.
Once the price break either Support and Resistance, then you know what to do.
If break the Resistance, our TP is at $5.20
If break the Support, our TP is at $4.00
For a swing trader:
Here is my trade opinion:
Sell Limit at $5.20
Stop Loss at $5.46
Take Profit at $4.00
Our Risk Reward Ratio is 4.8R
As usual, disclaimer:
The above is for our discussion and education purposes only. You may follow the opinion above but at your own risks.
When your trade is on the profit zone, move your Stop Loss to your Entry. Always protect your risk and you will be trading with a risk free.
BN4
, at first glance, it's bearish. Just a quick one, I would like to split into two style of trades:
For a scalper:
Mark the area $4.76 to $4.90, that is our waiting zone area.
Once the price break either Support and Resistance, then you know what to do.
If break the Resistance, our TP is at $5.20
If break the Support, our TP is at $4.00
For a swing trader:
Here is my trade opinion:
Sell Limit at $5.20
Stop Loss at $5.46
Take Profit at $4.00
Our Risk Reward Ratio is 4.8R
As usual, disclaimer:
The above is for our discussion and education purposes only. You may follow the opinion above but at your own risks.
When your trade is on the profit zone, move your Stop Loss to your Entry. Always protect your risk and you will be trading with a risk free.