Reason for entry:
1) The global trend on the daily chart is a downward + approach to the level of support.
2) On the hourly chart, the trend is lateral.
3) Level 9.20
breakdown of the level (there is volume) + rollback + false breakdown with two candles (there is volume).
Entry point 9.18 limit sell order (we are waiting for the entry with the corresponding candle pattern on M5).
Stop level 9.29 (for false breakdown) The risk is 0.11 pips.
Take Profit 8.90
Number of Contracts:
2% of the deposit = stop loss size.
1) The global trend on the daily chart is a downward + approach to the level of support.
2) On the hourly chart, the trend is lateral.
3) Level 9.20
breakdown of the level (there is volume) + rollback + false breakdown with two candles (there is volume).
Entry point 9.18 limit sell order (we are waiting for the entry with the corresponding candle pattern on M5).
Stop level 9.29 (for false breakdown) The risk is 0.11 pips.
Take Profit 8.90
Number of Contracts:
2% of the deposit = stop loss size.
Trade closed: target reached:
Take Profit 8.90