Long
Low-Risk Swing Trade Setup
For Monday, target entry between 2.28-2.34. I got in on Friday at 2.32 and use that number for return% below. Green trend line has held up multiple times with strong support, so you can set a tight stop-loss as high as 2.20. Conservative exit around 2.60 = ~12% return; high-score exit around 2.92 = ~26% return. Risk 5.17% @ 2.20 S/L. Reward:risk = 2.33 (conservative), 5:1 (high score).
I've been using Jurik indicators, and JMA-DWMA crossover has recently provided excellent signals for entry. I know a lot of folks don't use JMA, but I recommend you confirm entry point using your preferred crossover indicators.
I've been using Jurik indicators, and JMA-DWMA crossover has recently provided excellent signals for entry. I know a lot of folks don't use JMA, but I recommend you confirm entry point using your preferred crossover indicators.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.