Reason for the trade:
1)Rounding bottom (Price action pattern).
2)S/R Flip with good volume.
3)Pullback trade on long side at 538
Sample position sizing for the trade:
Portfoilio : 70,000
Risk : 2.00 %
Amount at Risk : 1,400
Stock price : 538.00
Stop loss Price : 528.00
Loss per Share : 10.00
No of Shares : 140.00
R:R ratio - 2.6 (Minimum)
Disclaimer: Author may enter in trade so take your own decision. This is an trading idea not an trading or Investment advice.
1)Rounding bottom (Price action pattern).
2)S/R Flip with good volume.
3)Pullback trade on long side at 538
Sample position sizing for the trade:
Portfoilio : 70,000
Risk : 2.00 %
Amount at Risk : 1,400
Stock price : 538.00
Stop loss Price : 528.00
Loss per Share : 10.00
No of Shares : 140.00
R:R ratio - 2.6 (Minimum)
Disclaimer: Author may enter in trade so take your own decision. This is an trading idea not an trading or Investment advice.
Trade active:
Entry at 538
Trade closed: stop reached
