High Risk CN50USD $CN50USD Initial Long

OANDA:CN50USD   China A50
This is likely a bad trade since it wicked TP1 before entry. High Risk CN50USD $CN50USD Initial Long. This is a pure momentum signal just as are every other signal I post. ZERO other factors are considered in producing this signal.

Entry reasons: CN50USD is showing momentum and confluence of mean reversion crossing up the 70 day price mean.

Exits and SL: TP and SL on chart. Move SL on TP. After TP2, trail with 0.5xATR step and 1.5xATR offset.

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