Price is coming to its supply area.
Expecting to see some red candles here.
ENTER 40822 with SL levels of 40922.
Target will be in execution.
Buy 15 sep 40800 PE @ 273 - 275
SL :230-233.
1000 rs risk per lot
Managing the trade:
If the trade goes in our way
*Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost
*Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL.
*Exit remaining with trailing Stop loss
NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES.
Expecting to see some red candles here.
ENTER 40822 with SL levels of 40922.
Target will be in execution.
Buy 15 sep 40800 PE @ 273 - 275
SL :230-233.
1000 rs risk per lot
Managing the trade:
If the trade goes in our way
*Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost
*Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL.
*Exit remaining with trailing Stop loss
NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES.