The stock had a good run,a very good run, but it just couldnt go through the 15000 yellow zone. The stock then broke out of the yellow zone to the downside (more visible on H4) and then tested it with a good rejection candle. This is my entry point on the H4. The risk to reward is phenomenal if this trade is successful.
Entry: 2 positions at 143731
SL: 146 928
TP1: 136 266 ( RR 2.35)
TP2: 128 134 ( RR 4.96)
Like i said the RR is phenomenal so no need to take a huge position sizes,risk little and if successful we will still make good and if not our account wont be that dented.
Entry: 2 positions at 143731
SL: 146 928
TP1: 136 266 ( RR 2.35)
TP2: 128 134 ( RR 4.96)
Like i said the RR is phenomenal so no need to take a huge position sizes,risk little and if successful we will still make good and if not our account wont be that dented.
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