Technician

Trade 5: Long USDCHF at Potential Support

Long
FX:USDCHF   U.S. Dollar / Swiss Franc
Reasoning:

The price at potential support:


Trade Levels:
Entry: Buy limit at 0.9705 - T1: 0.9813 - T2: 0.9950 - SL: 0.9640 - Average RR: 2.71

All my trades will have Risk of capital per trade of 2%

Stats before this trade:
Number of trades: 4
Winning Trades : 1 Losing Trades: 2 Still active: 1
Net return: -0.4%

Remember
-Never risk more than 2-3% of your balance on a single trade. And If you are a beginner 1%.
-A Single or few trades result is not important. Whats important is the net return at the end of the month, quarter and year.

Best
Technician
Comment: Moved stop loss to entry level.
Comment: Missed first target by few pips. Trade closed at break-even.

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