I have my eyes on a Swing trade with a long-term investment strategy to counter the prevailing downtrend and potentially reach new highs in the market. This particular trade might require multiple entries, as I anticipate it will take some time to unfold.
I've been monitoring this a lot on the lower timeframes, My goal is to secure almost 1000 pips with this long-term Swing investment. Throughout the trade, I'll be closing partial positions, manage risk, and consider a filter position if the price moves in my favor.
This is a 1:110 RR
*Take profit 1: 0.65275 (27.5 pips)
*Take profit 2: 0.66250 (125 pips)
*Take profit 3: 0.69000 (400 pips)
*Take profit 4: 0.75000 (1000 pips)
I've been monitoring this a lot on the lower timeframes, My goal is to secure almost 1000 pips with this long-term Swing investment. Throughout the trade, I'll be closing partial positions, manage risk, and consider a filter position if the price moves in my favor.
This is a 1:110 RR
*Take profit 1: 0.65275 (27.5 pips)
*Take profit 2: 0.66250 (125 pips)
*Take profit 3: 0.69000 (400 pips)
*Take profit 4: 0.75000 (1000 pips)