FCX is currently sitting above a support area so we wouldn't call this the absolutely best trade.
That said, maybe a 2% max trade risk on it hitting the Stop-loss while keeping in mind that other ideas are available and better.
However, if it does make a strong move off support, moving the TP higher and SL to breakeven will turn an ok trade into a great Reward/Risk trade.
This is also a good re-entry or a place to add to a buy and hold position for those of you that jumped on during the previous published idea.
That said, maybe a 2% max trade risk on it hitting the Stop-loss while keeping in mind that other ideas are available and better.
However, if it does make a strong move off support, moving the TP higher and SL to breakeven will turn an ok trade into a great Reward/Risk trade.
This is also a good re-entry or a place to add to a buy and hold position for those of you that jumped on during the previous published idea.