RAYMOND
broke out from a major wedge pattern and went into a range (pink rectangle) for 1 month before releasing huge momentum today. Setup is similar to the Precision Wires idea posted few days back. (Up by 25% since posting date)
Price should consolidate for 1-5 days before making the next momentum move towards 1000.
One can enter 10-20% of their position now considering the huge momentum, as a pullback may never come.
Enter with full position after some consolidation and confirmation. Aim for 1:3 setup.
Targets- 850/900/1000+
sl- below 685
LET GO OF THE TRADE AND BOOK PROFITS WITH 20% OF YOUR POSITION IF PRICE RALLIES WITHOUT RETRACE.
Sl is fixed. Position size according to the entry price.
HAPPY TRADING!
