Congratulations! Your chart has been selected to be highlighted as the post of the day. This is a great example of a descending price channel.
MISHCHG
⋅
Thanks Again!
mustard
⋅
Strange that you should choose a pair that cannot be traded on FXCM?
mshuaibi
⋅
well today it looks well supported as it broke the trend line
MISHCHG
⋅
yes it has been broken but, it will come down i think i am still in.
vintv
⋅
HI mishchg, with the RR ratio, I understand the extent of reward is upto the bottom of the current structure,, but how did you determine the risk percentage?
MISHCHG
⋅
we have 2 support spots here, first support level is touched, the SL is taken over the second support, and the trend will come back to the spot where it began to go up.
MohamedMaqhor
⋅
Thanks! You too my friend
radraziel
⋅
We still have to wait? at what price should we enter?