Parallel Channel/Engulfing Low risk trade

Prices have nicely formed Up sloping channel and today's Engulfing offers an opportunity to go long at current level. One can risk the amout of one bar only. Prices have bounced at retest of lower trend line . We can initiate the long trade as the details given below
Entry 431
SL 408(closing)
Target 492
Risk/Reward Ratio 2.65
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.

交易進行

評論:

Trade is going well SL raised to 437 so it is a risk free trade now :)

交易結束：目標達成:

Stress Free trade did very well :)