Update: Trade is active
Update: First Target Reached, closed half position.
Update: Second half stopped out at breakeven
Looks good for a short trade :
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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:
5) If 90 percent of first target is reached without triggering entry I cancel the trade
6) If 90 percent of first target is reached I move stop loss to breakeven.
7) Remember: Losing is a main part of the game
twitter.com/thefxchannel
www.facebook.com/thefxchannel
plus.google.com/+Thefxchannel0
My best regards
Technician
Update: First Target Reached, closed half position.
Update: Second half stopped out at breakeven
Looks good for a short trade :
- Overall long term trend is Bearish
- Major rejection and Gravestone doji at previous major low and resistance level
- 200-Days Simple average covering price
- Falling Trend Line
- Short term Bearish divergence on stochastic
Thank you for reading , be one of the first members of my new trading portal, check my new website thefxchannel.com/ , vote and subscribe.
------------------------------------------------------------------------------------------------------------------------------------------------------------
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:
5) If 90 percent of first target is reached without triggering entry I cancel the trade
6) If 90 percent of first target is reached I move stop loss to breakeven.
7) Remember: Losing is a main part of the game
twitter.com/thefxchannel
www.facebook.com/thefxchannel
plus.google.com/+Thefxchannel0
My best regards
Technician