Use 1/2 risk.
It's a nice trading opportunity at the top of a channel.
It's a major resistance at key level 70.50.
Doji 4 Hr candle at the resistance ( it shows indecision ).
It is a risky trade though because we haven't a really clear price action but it's worth it because of the risk to reward ratio.
*If it breaks the take profit target, you can extend it!
ENTRY: 70.55
STOP LOSS: 70.70 (15 stop loss)
BE: 70.40 (15 pips profit) --> 1:1
TP1: 70.25 ( 30 pips profit) --> 1:2
TP2: 70.10 (45 pips profits) --> 1:3
HAVE FUN & HAPPY PROFITS ! ! !
It's a nice trading opportunity at the top of a channel.
It's a major resistance at key level 70.50.
Doji 4 Hr candle at the resistance ( it shows indecision ).
It is a risky trade though because we haven't a really clear price action but it's worth it because of the risk to reward ratio.
*If it breaks the take profit target, you can extend it!
ENTRY: 70.55
STOP LOSS: 70.70 (15 stop loss)
BE: 70.40 (15 pips profit) --> 1:1
TP1: 70.25 ( 30 pips profit) --> 1:2
TP2: 70.10 (45 pips profits) --> 1:3
HAVE FUN & HAPPY PROFITS ! ! !