A long idea for your consideration.
Hi Folks:
Here's an idea that may be of your interest. There are chances that a HS pattern may cause the opposite effect but I hope the ascending channel remains respected and thus the idea may work.
I have been generous on this idea with the stop loss area to cover worst scenarios. Below that level would be better to hedge partially or totally depending on your trading strategy and unhedge at the black support line again.
Let's see how this plays out.
STAY SAFE: Cheers
-------------------------------------------------
Remember, if you liked this idea don't forget to click LIKE and FOLLOW. That will encourage me to continue charting for you.
Here's an idea that may be of your interest. There are chances that a HS pattern may cause the opposite effect but I hope the ascending channel remains respected and thus the idea may work.
I have been generous on this idea with the stop loss area to cover worst scenarios. Below that level would be better to hedge partially or totally depending on your trading strategy and unhedge at the black support line again.
Let's see how this plays out.
STAY SAFE: Cheers
-------------------------------------------------
Remember, if you liked this idea don't forget to click LIKE and FOLLOW. That will encourage me to continue charting for you.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.