Update:Target reached without entry, trade was cancelled.
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Its been a long time since I published an intraday trade.. Lets see whats going on here.. The overall wave is bearish, however the price managed to pullback higher withing the past day, retesting the broken trend line and the 38.2 retracement level for the overall bearish wave, am looking for another intraday bearish attempt here.
Join me at twitter.com/thefxchannel
Also at my Facebook page www.thefxchannel.com
My best regards,
Technician
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Trading Criteria:
1. Trades are taken in two units
2. First unit would be closed at first target
3. Stop loss is then moved to break-even
4. Second unit would be closed at second target
Notes:
1) If 90 percent of first target is reached I move stop loss to breakeven.
2) If 90 percent of first target is reached without triggering entry I cancel the trade.
3) Remember: Losing is a main part of the game
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Its been a long time since I published an intraday trade.. Lets see whats going on here.. The overall wave is bearish, however the price managed to pullback higher withing the past day, retesting the broken trend line and the 38.2 retracement level for the overall bearish wave, am looking for another intraday bearish attempt here.
Join me at twitter.com/thefxchannel
Also at my Facebook page www.thefxchannel.com
My best regards,
Technician
==================================================================
Trading Criteria:
1. Trades are taken in two units
2. First unit would be closed at first target
3. Stop loss is then moved to break-even
4. Second unit would be closed at second target
Notes:
1) If 90 percent of first target is reached I move stop loss to breakeven.
2) If 90 percent of first target is reached without triggering entry I cancel the trade.
3) Remember: Losing is a main part of the game