On DLF Hourly chart , we have a potential Short opportunity at the D leg completion of bearish BAT setup . The price reversal zone is between 153.5 & 155.5
Note : The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Stop loss would be placed above X leg structure support .
Target 1 - 148.2
Target 2 - 144.6
Target 3- 140.5
(When looking to take targets on the bullish Bat Setup the first step is to use your Fibonacci retracement tool. With your Fibonacci retracement tool draw from the A to D leg, you are looking for target 1 at the 38.20% and target 2 at the 61.80% . )
To protect the profits you have accumulated at target 1 it is advised you move your stop loss to break-even once the 38.20% target 1 has been attained, thus giving you a risk free trade to target 2 & so.
Note : Pattern will be triggered only if price reaches the PRZ, if price do not comes the zone means the pattern invalidated and setup will be discarded & we will look for other opportunities.
It is always important to have favorable risk/reward ratio for any trade.
Trade with Care
Gulz.
Note : The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Stop loss would be placed above X leg structure support .
Target 1 - 148.2
Target 2 - 144.6
Target 3- 140.5
(When looking to take targets on the bullish Bat Setup the first step is to use your Fibonacci retracement tool. With your Fibonacci retracement tool draw from the A to D leg, you are looking for target 1 at the 38.20% and target 2 at the 61.80% . )
To protect the profits you have accumulated at target 1 it is advised you move your stop loss to break-even once the 38.20% target 1 has been attained, thus giving you a risk free trade to target 2 & so.
Note : Pattern will be triggered only if price reaches the PRZ, if price do not comes the zone means the pattern invalidated and setup will be discarded & we will look for other opportunities.
It is always important to have favorable risk/reward ratio for any trade.
Trade with Care
Gulz.
노트
Price approaching to PRZ노트
Can we expect RSI BAMM on this trade ? hope so액티브 트레이드
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.