Technician

Trade 6: Short term simple Long

Long
FX:EURGBP   Euro / British Pound
4865 views
131
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%

Comments

How come net return is 1.6 with trade return 4? Fees?
+1 Reply
@A-shot, no, i was -2.4 before this trade.
+1 Reply
Do you think we can see a drop in this pair in the upcoming days before the election?
Reply
Well played again sir
Reply
Great analys hope to learn from you in futuer
Reply
Good luck !
Reply
great analysis
Reply
I agree with your analysis and see this going to 0.8867, further up 0.9030/50 in time. My SL @ 0.8612
Reply
short term
long term

my view only
Reply
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