This is a relatively tight trade setup with a potential profit of $20 and a stop loss of $10.
Risk-Reward Ratio Your risk-reward ratio is 1:2, meaning that for every dollar you risk, you're potentially gaining two dollars.
Trading Considerations - Make sure to monitor the market closely and adjust your trade setup as needed. - Consider setting a trailing stop loss to lock in profits. - Keep an eye on market news and events that could impact the price movement.