Update: 1st target reached, moved stop loss to entry. 2nd half stopped at entry.
Profit(pips)=80
----------------------------------------------------------------------------------------------------------------------------------
I am short from 1.8255, as price hits resistance and shows hesitation, this area includes the 200-days SMA as well, so it worth a try with a tight stop.
Good luck
Join me at twitter.com/thefxchannel
Also at my Facebook page 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
Notes:
1) If 90 percent of first target is reached I move stop loss to breakeven.
2) If 90 percent of first target is reached without triggering entry I cancel the trade.
3) Remember: Losing is a main part of the game
Profit(pips)=80
----------------------------------------------------------------------------------------------------------------------------------
I am short from 1.8255, as price hits resistance and shows hesitation, this area includes the 200-days SMA as well, so it worth a try with a tight stop.
Good luck
Join me at twitter.com/thefxchannel
Also at my Facebook page 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
Notes:
1) If 90 percent of first target is reached I move stop loss to breakeven.
2) If 90 percent of first target is reached without triggering entry I cancel the trade.
3) Remember: Losing is a main part of the game