Bouncing from the channel line, going down
An intraday high potential, Back Tested Sort Analysis. We ll try to enter into the correction of the uptrend movement. DETAILS ON THE CHART NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
Bought the pullback to key support level on second test at the base of a rising wedge. Looking ready to continue uptrend at this level. Reacting well so far. Entry: 61.20 Stop: 58.60 Target 68.60 For an upside potential of 12.09% with a 4.25% Risk RSK/REWARD ratio of 2.85