If it breaks above the trend line B then I will go long - however if it breaks below trend line A then I will go short.
Losses can exceed initial deposits when trading market instruments. You can manage your losses by using smart risk management. Identify what your entry, Take Profit and Stop Loss levels will be before you enter a trade. Stick to your trading plan, no matter the market conditions.
Losses can exceed initial deposits when trading market instruments. You can manage your losses by using smart risk management. Identify what your entry, Take Profit and Stop Loss levels will be before you enter a trade. Stick to your trading plan, no matter the market conditions.
Comment:
After taking profit from my short at 1.307 I will now be looking for a long position if it breaks above trend line B
Comment:
Considering the mid-term results I will be shorting the USD/CAD pairing - looking for a Take Profit of 1.295 at least.
Order cancelled