COMP seems to be bouncing off the EMA ribbon right now on the 4h chart. However, although the MACD indicator starts to decreased bears momentum, it might be too early and more conservative traders would wait for better confirmation.
This is my trade, notice the TP is below the ATH. This forces us to have a tight SL in order to keep the 3:1 risk/reward ratio.
Entry: 809.22
TP: 878.23
SL: 786.43
Risk/Reward: 3:1
Disclaimer: I am a beginner trader, not a professional.
This is my trade, notice the TP is below the ATH. This forces us to have a tight SL in order to keep the 3:1 risk/reward ratio.
Entry: 809.22
TP: 878.23
SL: 786.43
Risk/Reward: 3:1
Disclaimer: I am a beginner trader, not a professional.