Update: Slightly Missed Entry :|. Trade cancelled
The strong sell-off is testing the 61.8 retracement of the latest bullish wave, and the 50-days SMA. A bullish hammer at this support suggests a potential corrective wave.
Trade number: 65
Accumulated profit/loss (pips) = 2472
Pre-trade stats
Number of trades:64
Winners: 34 Losers: 22 Cancelled: 8
Profit/loss (in pips) = 2472
Open trades: none 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
The strong sell-off is testing the 61.8 retracement of the latest bullish wave, and the 50-days SMA. A bullish hammer at this support suggests a potential corrective wave.
Trade number: 65
Accumulated profit/loss (pips) = 2472
Pre-trade stats
Number of trades:64
Winners: 34 Losers: 22 Cancelled: 8
Profit/loss (in pips) = 2472
Open trades: none 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