Update: Trade is active Update: First target achieved Update: Full target achieved
Following on my previous analysis ( tradingview.com/v/IAT2MupT/ ) where i was looking for a trade either on a break above that key resistance at 0.7900 or on a confirmation of a bearish reversal.
I see a downside pullback coming and therefore looking to short a bit higher for a better risk-reward. I will be conservative on my first target(1.36 risk-reward) but will look for a more aggressive second target(3.18) for an average risk-reward of around 2.25.
Good luck, keep your stops tight.. Be one of the first members of my new trading portal, check my new website thefxchannel.com/ , vote and subscribe. Thank you ------------------------------------------------------------------------------------------------------------------------------------------------------------ twitter.com/thefxchannel facebook.com/thefxchannel plus.google.com/+Thefxchannel0 My best regards Technician
Comments
Technician
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Update: Full target achieved
minbari
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nice work mate
Technician
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thx
HamedAghajani
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Thanks for the idea. I also benefited from it. Keep it up. God bless you, Hamed.
4ng3lp
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Nice! And now, you continue on trade to 761?
Technician
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This is working like a charm, booked some good profits.
mantasg
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it can work specialy if buyers will fail to hold monday low
riskfirst
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Thanks mat, I learn a lot with you. Good trading
Technician
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Thanks vila, good luck
PriceActionTrading
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Hi tech,
I have a similar trade idea as yours. i closed half at 0.774. moved to breakeven and let the other half roam.
may i ask, since you are already earning and will not make any loss(breakeven). why did you decide to close your other half.
I usually will just leave the trade open and look out for other opportunity.
I see that it has potential for reaching 0.75 given the bearish hammer on w1.