Wasn't an optimum entry. Price headed towards target after hitting stop
Update: stop loss hit = -40*2=-80
Accumulated Profit(pips)= 2372
My previous bullish setup wasn't triggered, I think this might be a good new opportunity to long following the breakout of the falling wedge pattern and 1.4785 resistance level
Follow me @ twitter.com/thefxchannel
thefxchannel.com
Trading Criteria:
1. Trades are taken in two units
2. First unit would be closed at first target
3. Stop loss is moved to breakeven
4. Second unit at second target
5. If 90 percent of first target is reached without triggering entry, trade is cancelled
6. Remember: Losses is a main part of the game ;)
Update: stop loss hit = -40*2=-80
Accumulated Profit(pips)= 2372
My previous bullish setup wasn't triggered, I think this might be a good new opportunity to long following the breakout of the falling wedge pattern and 1.4785 resistance level
Follow me @ twitter.com/thefxchannel
thefxchannel.com
Trading Criteria:
1. Trades are taken in two units
2. First unit would be closed at first target
3. Stop loss is moved to breakeven
4. Second unit at second target
5. If 90 percent of first target is reached without triggering entry, trade is cancelled
6. Remember: Losses is a main part of the game ;)