See callout bubbles. The USD indexes are indicating weakness across the USD with a pretty clear head and shoulders pattern. This trade may take time to fully develop and our area may get tested more than once before we really see some movement from it. We manage our risk at order entry and just stick with it and wait for the payout!
Always measure your risk and be okay with being wrong ; )
Always measure your risk and be okay with being wrong ; )
Trade active:
Trade triggered!
Trade active:
USD looking quite weak. This is what we want to see. So far, everything looking good ; )
Trade active:
Price back in the zone. Let's see some USD weakness and another push higher.
Trade active:
As expected, it took price a little while to leave the highlighted area, but nonetheless, price is moving nicely in the direction expected.
Target #1 has been reached at 2:1 risk:reward. Now we just continue letting the market move in our favor and move stop loss up accordingly ; )
Always measure your risk and be okay with being wrong ; )
Target #1 has been reached at 2:1 risk:reward. Now we just continue letting the market move in our favor and move stop loss up accordingly ; )
Always measure your risk and be okay with being wrong ; )
***If you feel like you've learned something and would like to learn even more, please sign up and support me as a patron at my Patreon page located at Patreon.com/SimpleRenkoTrading***
Thank you for your support!
Thank you for your support!