Price has gravitated towards a resistance area ( Prior swing low, along with the 24 ema).
Stop is at the 52 ema.
Risk to reward ratio is 2.41
Target is at the recent swing low.
Reasons of why I use the numbers on the ema's.
24: there are 24 hours in a day.
52: 52 weeks in a year.
365: 365 days in a year.
Stop is at the 52 ema.
Risk to reward ratio is 2.41
Target is at the recent swing low.
Reasons of why I use the numbers on the ema's.
24: there are 24 hours in a day.
52: 52 weeks in a year.
365: 365 days in a year.