Premise:
1. The 0.382 will be tested
2. The Beardiv will confirm around the 0.382
Execution:
1. Single entry : 118
2. Stop : 119.5 (0.5% of capital risk)
3. Target: 108.2 (3.19% reward to capital risk)
Result:
1. A 6.38:1 RR trade is completed
1. The 0.382 will be tested
2. The Beardiv will confirm around the 0.382
Execution:
1. Single entry : 118
2. Stop : 119.5 (0.5% of capital risk)
3. Target: 108.2 (3.19% reward to capital risk)
Result:
1. A 6.38:1 RR trade is completed
Comment:
Note the descending volume on the small retrace up - possible deadcat. The RR and premise justify the trade - orders placed
Trade active
Comment:
Stop to entry.
Trade closed: stop reached