theftproof
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0Joined Jan 26, 2014
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Good ratio confluence and structure support at entrypoint. Stop below support, target at X point resistance.
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I'd prefer to use this to take a small profit against to overall trend with a relativly tight stoploss. But a stop below the head is fine too (to shoot for a slightly bigger target). If you do that be aware of potential bearish patterns forming within the right shoulder to determine where the best place for your target is.
0
3 Potential Reversal Zones. I marked the RRR for all 3 of them if you'd go max Stoploss and max Target. But how you wanna play this, really comes down to your personal preference.
0
The easy and clear structure allows us to set up a tradeplan for multiple scenarios.
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