The entry of 2536.75 is based on the previous day close of the 200 SMA
Stop loss is 2 ATR from the entry.
Profit target #1 is 2 ATR from the entry, giving you a reward to risk ratio of 1:1.
Trading Plan:
1. Set Stop loss (2422.50)
2. Sell half at Profit target #1 (2651.00)
3. Once Profit target #1 hit, shift stop loss to 1 ATR above your entry. (2594.00)
4. Sell the remaining half at the upper band of the Bollinger Band of the previous day candle.(2794.00)
Stop loss is 2 ATR from the entry.
Profit target #1 is 2 ATR from the entry, giving you a reward to risk ratio of 1:1.
Trading Plan:
1. Set Stop loss (2422.50)
2. Sell half at Profit target #1 (2651.00)
3. Once Profit target #1 hit, shift stop loss to 1 ATR above your entry. (2594.00)
4. Sell the remaining half at the upper band of the Bollinger Band of the previous day candle.(2794.00)