This one already triggered long. Late publication.
Short-term trade, with the price having some room to run within the channel.
Long-term uptrend. Bounced off channel base.
3:1 reward:risk.
ATR Stops could be used a trailing stop loss, but given that the trade isn't likely to last too long, prefer just letting this one hit the SL or PT.
Short-term trade, with the price having some room to run within the channel.
Long-term uptrend. Bounced off channel base.
3:1 reward:risk.
ATR Stops could be used a trailing stop loss, but given that the trade isn't likely to last too long, prefer just letting this one hit the SL or PT.
Cory Mitchell, CMT
Stock and forex trading insights at tradethatswing.com/
Stock and forex trading insights at tradethatswing.com/