Hey Traders,
Risk Reward 5:1.4.
Looking down to the 1HR chart on SPCE there is a falling wedge pattern forming after a nice rally up from price at $10.00.
Today price tested key levels of support seen by the green arrows. Price hit a double price support at 16.02 and has pushed up with an attempt to breakout.
As always wait for the breakout and confirmation of the retest before entry.
Entry at 16.69
SL at 15.91
TP1 at 17.95
TP2 at 21.06
Thanks.
Risk Reward 5:1.4.
Looking down to the 1HR chart on SPCE there is a falling wedge pattern forming after a nice rally up from price at $10.00.
Today price tested key levels of support seen by the green arrows. Price hit a double price support at 16.02 and has pushed up with an attempt to breakout.
As always wait for the breakout and confirmation of the retest before entry.
Entry at 16.69
SL at 15.91
TP1 at 17.95
TP2 at 21.06
Thanks.
Comment:
We have hit TP1 and closed off with a decent profit leaving remaining position open to aim for TP2.
Trade closed: target reached