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5 de Ene. de 2023 9:25

Earn 5 times your risk with ITUB Largo

Itau Unibanco Banco Holding SANYSE

Descripción

The algorithm is proposing a trade in ITUB which seems quite interesting. A channel has been formed creating a kind of big flag.

The most probable scenario is a bounce to the upper zone again but be ready for a retest of the lows, so if the channel breaks down you can also profit by shorting with a risk reward of 2.

If the price bounce as expected, the risk reward is 5 so it's amazing in terms of ratios. You need just 1 trade to compensate 5 loses in similar trades.
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