SELL AFTER CANDLE CLOSE BELOW TRENDLINE....
CAPITAL MANAGEMENT IS EVERYTHING.
Trade active:
Running in profit...
Comment:
TP @ 1.3900-1.3915 levels
Comment:
SL just above R2 1.4125.
Can add another TP level @ 1.3800-1.3820 levels.
Can add another TP level @ 1.3800-1.3820 levels.
Comment:
A candle close below 1.4000 will confirm break of horizontal support from trendline...this will lead to further downside...
There is also a possibility that price retaces back to the upper trendline of the channel before downside again...
Watch closely and close trade on entry if the second scenario is playing out.
Capital preservation is of the utmost importance here..
No emotions to be involved when trading..
Breakeven is always better than 0.5-1pip loss...
There is also a possibility that price retaces back to the upper trendline of the channel before downside again...
Watch closely and close trade on entry if the second scenario is playing out.
Capital preservation is of the utmost importance here..
No emotions to be involved when trading..
Breakeven is always better than 0.5-1pip loss...
Trade closed manually:
CLOSED @BREAKEVEN