Reason for long
a) Fib level of 0.618 retracement
b) Risk is above than 20% hence optimize the qty in order to risk not more than 0.5% of investment
c) Good risk reward zone
Duration 3 to 6 months.
a) Fib level of 0.618 retracement
b) Risk is above than 20% hence optimize the qty in order to risk not more than 0.5% of investment
c) Good risk reward zone
Duration 3 to 6 months.