Pending long limit order at 0.7855 as price has broken a short term triple bottom formation, within the context of a sideways market on the daily chart. What i hope for is a retets of the top of the sideways range near 0.8025-0.8050 area.
================================================================== Trading Criteria: 1. Trades are taken in two units 2. First unit would be closed at first target 3. Stop loss is then moved to break-even 4. Second unit would be closed at second target Notes: 5) If 90 percent of first target is reached I move stop loss to breakeven. 6) If 90 percent of first target is reached without triggering entry I cancel the trade. 7) Remember: Losing is a main part of the game
Comments
bharatest
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I believe in your idea so just enter in without thinking much. Thanks again for sharing
manijeh.kazemi.33
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I closed position at 0.80130 may you be happy and successful in your life
MertErten
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short ~80.250-80.100
great analysis.
bharatest
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there is bullish divergence too.
Rotivnick
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The idea was good, will happen to the next.
Very good analysis, the best I have seen.
Technician
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Thank you
HamedAghajani
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Yes, it was a nice trade. Thanks for sharing your ideas.
Technician
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Ur welcome Hamed
GinoLenze
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trade has been deleted? Thanks
Barabaszek
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6) If 90 percent of first target is reached without triggering entry I cancel the trade. So I think the play is out of date.