Setup:
It was noted that EURCHF could be dropping to 1.48549
Our setup is complemented by the following:
1. Multiple timeframe analysis
2. Tripple Top
3. Divergence
Approach:
Our trade strategy is as follow: We will open two consecutive trades, they will both have the same stop loss but different take profits.
Trade 1:
Entry: 1.15595
SL: 1.16259
TP: 1.14495
Trade 2:
Entry: 1.15734
SL: 1.16259
TP: 1.13255
It should be noted that once TP1 is hit, we will move the stop loss of trade 2 to breakeven.
Risk & Reward:
Total Risk:
2% or 130 PIPS
Total Reward:
5.3 % or 348 PIPS
Good Luck :-)
It was noted that EURCHF could be dropping to 1.48549
Our setup is complemented by the following:
1. Multiple timeframe analysis
2. Tripple Top
3. Divergence
Approach:
Our trade strategy is as follow: We will open two consecutive trades, they will both have the same stop loss but different take profits.
Trade 1:
Entry: 1.15595
SL: 1.16259
TP: 1.14495
Trade 2:
Entry: 1.15734
SL: 1.16259
TP: 1.13255
It should be noted that once TP1 is hit, we will move the stop loss of trade 2 to breakeven.
Risk & Reward:
Total Risk:
2% or 130 PIPS
Total Reward:
5.3 % or 348 PIPS
Good Luck :-)
Trade closed: stop reached