Commodity : ETHEREUM Trade Type : SHORT Trading Against : US DOLLAR Entries : Double-UP Entries between the two given buy zones Profit Taking : 25% at each TP point Profit Locking : Move SL to break even once TP1 is hit, to TP1 once TP2 hits, to TP2 once TP3 hits and so on Duration - 1-7 days Investment in trade : 5% of the total Trading Balance. Leverage : 5x Prospective Profit : 31.35% to 69.45% (with Leverage) Prospective Loss : 17.35% (with leverage) RRR : SL to TP1 is 1.79, SL to TP2 is 2.43 , SL to TP3 is 2.96 , SL to TP4 is 4.00
Buy Zone/TPs/SL price points are marked in the chart as follows Greens - Profit Targets (TPs) Blue - Buy Zone (Entries) Red - Stop Loss (SL)
Trade closed: stop reached
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Got stopped by that wick. But pursuing the trade again with following setup