Strategy:Trend channel support bounce
RRR:1.5 to 3.4 :1
Trade time expectancy:14 days
Entry, SL, and TP justifications:Entry at HH/HC - SL at 1/3 Daily ATR beyond channel - L1 TP at midpnt - L2 TP at 1/3 ATR inside channel opposite
Notes:Sell 40k units at target 1 and remainder 35k at target 2 (close sell entry orders if hits SL)
RRR:1.5 to 3.4 :1
Trade time expectancy:14 days
Entry, SL, and TP justifications:Entry at HH/HC - SL at 1/3 Daily ATR beyond channel - L1 TP at midpnt - L2 TP at 1/3 ATR inside channel opposite
Notes:Sell 40k units at target 1 and remainder 35k at target 2 (close sell entry orders if hits SL)
Comment:
Trade closed: stop reached