Price of
BDL
formed a green candle at its trendline support from which it can bounce back to the upper channel.
Price has been consolidating for quite some time in this channel pattern. A low risk setup presents itself at C.M.P.
Stop loss and target marked on the chart. Low risk high reward setup(in case price breaks out of the channel).
Hold in case of a breakout. Book profits if a rejection is show at the top of the channel.
Follow strict risk management. HAPPY TRADING!
BDL
formed a green candle at its trendline support from which it can bounce back to the upper channel. Price has been consolidating for quite some time in this channel pattern. A low risk setup presents itself at C.M.P.
Stop loss and target marked on the chart. Low risk high reward setup(in case price breaks out of the channel).
Hold in case of a breakout. Book profits if a rejection is show at the top of the channel.
Follow strict risk management. HAPPY TRADING!
Trade closed: target reached