Update: First target hit, moved stop loss to entry.
Update: Second half was closed at entry
Profit(pips)= + 48 pips
I am short from 0.9362, as price may have completed a retest to the broken support area, hinted by the multiple rejection from that level. The bigger picture over the daily chart shows a bearish breakout below the 50-days SMA. Lets see how this trade unfold. Good luck to you and me :)
haven't joined me yet? please say hello:
twitter.com/thefxchannel
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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
5. Note that If 90 percent of first target is reached without triggering entry, trade is cancelled
6. Remember: Losing is a main part of the game ;
Update: Second half was closed at entry
Profit(pips)= + 48 pips
I am short from 0.9362, as price may have completed a retest to the broken support area, hinted by the multiple rejection from that level. The bigger picture over the daily chart shows a bearish breakout below the 50-days SMA. Lets see how this trade unfold. Good luck to you and me :)
haven't joined me yet? please say hello:
twitter.com/thefxchannel
-------------------------------------------------------
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
5. Note that If 90 percent of first target is reached without triggering entry, trade is cancelled
6. Remember: Losing is a main part of the game ;