(This is only an idea so please don't nail me on that.)
Right now after the FOMC-News on 15.03.2017 there is a great possibility to look for short setups.
I hope you can read this chart so you can get my idea clearly.
I will place a Sell Limit Order:
Entry: 1.0757
Stop Loss: Depends on your Risk Management
Take Profit: F I N I S H L I N E
Please don't ask me for the duration of this trade but it will take a while.
If you got any questions, suggestions or any other comments I will answer all of them.
Right now after the FOMC-News on 15.03.2017 there is a great possibility to look for short setups.
I hope you can read this chart so you can get my idea clearly.
I will place a Sell Limit Order:
Entry: 1.0757
Stop Loss: Depends on your Risk Management
Take Profit: F I N I S H L I N E
Please don't ask me for the duration of this trade but it will take a while.
If you got any questions, suggestions or any other comments I will answer all of them.
Comment:
Sorry for my misstyping. There are "only" 200 pips instead of 2000 pips.
Trade active:
After my Sell Limit Order is filled at 1.0754 (because of spread) I am shorting this trade.
Trade active:
After creating a new lower low on the 4h-chart I moved my sl to breakeven.
Trade closed: stop reached:
Stop loss triggered and market moved bullish away.
Next trade - next chance!
Next trade - next chance!