Technician

Trade 6: Short term simple Long

Long
Technician Premium Updated   
FX:EURGBP   Euro / British Pound
Reasoning
  • Strong short term uptrend
  • Pullback to rising trend line
  • Hammer candle at trend line
  • Earlier breakout above 200-days and 50-days simple moving averages

Trade Levels
Entry: Buy limit at 0.8680 - Target: 0.8743 - SL: 0.8649 - RR: 2

All my trades will have Risk of capital per trade of 2%

Stats before this trade
Number of trades: 5
Winning Trades : 1 Losing Trades: 3 Still active: 1
Net return: -2.4%

Remember
-Never risk more than 2% of your balance on a single trade. And If you are a beginner 1%.
-A Single or few trades result is not important. Whats important is the net return at the end of the month, quarter and year.

Best
Technician
Trade closed: target reached: Target Reached.
Trade Return: 4%
Net Return: +1.6%

For More on this idea and other ideas visit me @ https://theforexchannel.com
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