UPDATE: No entry, trade cancelled for now, will be looking for a new signal
A pin bar at a key horizontal resistance, Speculating on the short side, a break above that resistance will probably signal further upside.
Pre-trade stats
Number of trades: 61
Winners: 33 Losers: 21 Cancelled:7
Profit/loss (in pips) = +2422
Open trades: 1 Pending trades: none
Trading Criteria:
1. Trades are taken in two units
2. First unit would be closed at first target
3. Stop loss is moved to breakeven
4. Second unit at second target
5. If 90 percent of first target is reached without triggering entry, trade is cancelled
A pin bar at a key horizontal resistance, Speculating on the short side, a break above that resistance will probably signal further upside.
Pre-trade stats
Number of trades: 61
Winners: 33 Losers: 21 Cancelled:7
Profit/loss (in pips) = +2422
Open trades: 1 Pending trades: none
Trading Criteria:
1. Trades are taken in two units
2. First unit would be closed at first target
3. Stop loss is moved to breakeven
4. Second unit at second target
5. If 90 percent of first target is reached without triggering entry, trade is cancelled