i had published this trade earlier but had yet to devise a trade plan for this trade that i have now done
my entry on this pair will be at around 0.724 with stops just under the 1.618 extension at around 0.720
first exit would be 0.7280. once this target has been reached stops would be moved to entry. This will equal my risk and reward ratio. This target is also a structure level. Second exit would be at the 1.0 fib retracement at 0.7420 which is also a previous structure high. once this has been reached half the position would be closed and the remaining half will have its sl moved to 0.7360 which is a strucutre level as well as a 0.736 fib level. the target for the remaining trade would be around 0.7500. This trade offers a hig risk to reward potential. close to 6:1. lets see how this plays out
Best of luck
my entry on this pair will be at around 0.724 with stops just under the 1.618 extension at around 0.720
first exit would be 0.7280. once this target has been reached stops would be moved to entry. This will equal my risk and reward ratio. This target is also a structure level. Second exit would be at the 1.0 fib retracement at 0.7420 which is also a previous structure high. once this has been reached half the position would be closed and the remaining half will have its sl moved to 0.7360 which is a strucutre level as well as a 0.736 fib level. the target for the remaining trade would be around 0.7500. This trade offers a hig risk to reward potential. close to 6:1. lets see how this plays out
Best of luck