Looking to catch a measured move from the 1.2274 level back up to the 1.2523.
Price is currently found at a confluence of the 0.618 retracement and a significant support level from the beginning of March. Will be looking for a Higher High/Close D candle before entering.
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
Price is currently found at a confluence of the 0.618 retracement and a significant support level from the beginning of March. Will be looking for a Higher High/Close D candle before entering.
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
Comment:
not the kind of momentum i'd like to see, but showing a few signs of wanting to advance higher