USDBRO Brent Daily Long with 3 TPs with 50 Pips Trilling SL
we believe the First TP should be Triggered in order for the harmonic pattern forms and then it should touch the Second Target for completing the second pattern and henceforth till 3 TP,
keep in mind it is a Buy order with a 50 Pips Trilling Stop loss.
there is a Buy Stop for the 3 TP with 50 pips trilling SL,
If the First TP is broken and passed the First Level we are expecting the Second Target to be our next Goal but If it could not pass the First Level and a Big Retracement happens then we have a Second Scenario and we should look for a reversal...
be careful about your Position Sizing and it should be Proportional to your Account Balance as it is a very long Time Analysis and Trade, each candle is representing a Day so it may take up to a month or more
Entry and Exit points should be considered in a Range of Pips not an exact point.
Enjoy Trading sensibly
please do n't hesitate to Ask us any questions in comments.
Good Luck
keep in mind it is a Buy order with a 50 Pips Trilling Stop loss.
there is a Buy Stop for the 3 TP with 50 pips trilling SL,
If the First TP is broken and passed the First Level we are expecting the Second Target to be our next Goal but If it could not pass the First Level and a Big Retracement happens then we have a Second Scenario and we should look for a reversal...
be careful about your Position Sizing and it should be Proportional to your Account Balance as it is a very long Time Analysis and Trade, each candle is representing a Day so it may take up to a month or more
Entry and Exit points should be considered in a Range of Pips not an exact point.
Enjoy Trading sensibly
please do n't hesitate to Ask us any questions in comments.
Good Luck
Comment:
our Buy Stops got activated and we are expecting a bullish move now
Order cancelled