$Q Long setup
Entry zone: 0.021778
Stop level: 0.019815
Target: 0.026286
R:R 1:2.3
Retrace of 35%, then price went back for the old low. The inducement at 0.026286 is still untouched. The fresh low at 0.019815 got rejected and price slipped over 0.020665 again, without going near 0.026286. In at 0.021778, out at 0.019815 if the fresh low goes, 0.026286 if the inducement gets taken. That works out to 1:2.3. Small size, defined risk, move on if it fails.
Not financial advice.
Entry zone: 0.021778
Stop level: 0.019815
Target: 0.026286
R:R 1:2.3
Retrace of 35%, then price went back for the old low. The inducement at 0.026286 is still untouched. The fresh low at 0.019815 got rejected and price slipped over 0.020665 again, without going near 0.026286. In at 0.021778, out at 0.019815 if the fresh low goes, 0.026286 if the inducement gets taken. That works out to 1:2.3. Small size, defined risk, move on if it fails.
Not financial advice.
