Hubert Senters here.
Let’s take a look at TMUS. It’s going to be T-Mobile. Potential bracket trade for tomorrow. If T-Mobile trades or closes above $95.30 it will be a potential long trade.
On the other hand if it decides to trade or close below today’s low which is around $92.65 that will be a potential short. Now the cool thing about the downside you’re going to have a target about halfway between the gap and today’s open and then you also have another target of the actual full gap fill.
So you have two targets to the down side for the short. For the high side you’re just going to have to a risk reward ratio of what you’re risking and multiply that times three or five because you want to be risking one to make three or one to make five. Nobody risking one to one because you’re not going to be that right that often.
Good luck. Hope it helps. See you on the next video.