Technician
Long

EURUSD: Simple Long on Potential Correction!

FX:EURUSD   Euro / U.S. Dollar
2609 views
25
2609 36
UPDATE: I should have cancelled this trade based on rule number 5 "Note that If 90 percent of first target is reached without triggering entry, trade is cancelled"
Profit(pips)=-65x2=-130.
---------------------------------------------------------------------------------------------------------------------------------

A very simple long setup on trend line break and inverted head and shoulders after a prolonged bearish wave.

Trade Safe, and Best of Luck , join me at https://twitter.com/thefxchannel
Also at my Facebook page http://www.thefxchannel.com
My best regards,
Technician

==================================================================
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
5. Note that If 90 percent of first target is reached without triggering entry, trade is cancelled
6. Remember: Losing is a main part of the game
Profit(pips)=-65x2=-130.
+1 Reply
Technician Technician
This is the outcome of breaking the rules
+1 Reply
Pepolape Technician
I keep stop-loss on 1.2610
Reply
Its ur call.. I am out of this trade
Reply
Pepolape Technician
out 1.2639 ;)
Reply
Lets compensate that in the next trade ;)
+1 Reply
Pepolape Technician
dont worry, its the game!!
+1 Reply
Pepolape Technician
i think i'll wait till 1.2574
Reply
Pepolape Pepolape
1.2606 ---> AB=CD and 88,6 of previous move
Reply
Pepolape Technician
im still thinking on this long, SHS on 5' entry 1.2624 stop 1.2606
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out