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Our Stock of the Day / MPLX
MPLX LP
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Our Stock of the Day / MPLX
Oleh ThinkingAntsOk
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Ikuti
14 Okt 2020
8
Cheer
Cheer
2
2
14 Okt 2020
Today, we have a long setup to share. Here you will have a full explanation
a)
We always start with the Weekly or Daily chart to see the most relevant area. There we can see huge support that provides us with a bullish context
b)
On the 30min chart, we can see the price above the weekly support zone
c)
There we have a corrective structure on a key level
d)
Based on that, we will develop a long setup expecting a breakout of the corrective structure with a target on the descending trendline
e)
Entry Stop and Take profit are the ones you can see on the setup. The break-Even level is the yellow horizontal line
f)
We will cancel the setup if the price goes below the corrective structure
g)
We will risk 1% of our capital on this setup
h)
Remember: Trade safe, protect your capital, and always understand what you are doing.
MPLX
Multiple Time Frame Analysis
Stocks
stonks
Support and Resistance
swingtrading
Trend Analysis
ThinkingAntsOk
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