Prices has formed an Inverse H&S and is now at the POC where it may start accumulating orders for the reversal to the upside.
My personal details:
Buy Stop @ 1.15645
SL @ 1.1557 (7 pips)
TP @ 1.15850 (21 pips)
RR = 3
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
My personal details:
Buy Stop @ 1.15645
SL @ 1.1557 (7 pips)
TP @ 1.15850 (21 pips)
RR = 3
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
Comment:
double bottom formation instead...
