Hello everyone, here i am trying to sell the breakdown of the ascending channel. Also i have a harmonic pattern in the same area with market conditions breing overbought and a divergence present on the MACD
Starting capital - 20000 USD
Risk Profile : 2:1, 2.6:1 , 3.4:1 , 5.6:1
Risk - stop is very big so set your positions accordingly
Target - First target is 400 pips down
Account exposure - 1.5% i.e. 300USD
Potential Reward - 4.5%+ i.e. 750USD+
Cheers
Starting capital - 20000 USD
Risk Profile : 2:1, 2.6:1 , 3.4:1 , 5.6:1
Risk - stop is very big so set your positions accordingly
Target - First target is 400 pips down
Account exposure - 1.5% i.e. 300USD
Potential Reward - 4.5%+ i.e. 750USD+
Cheers
Trade active
Comment:
Stops moved to BE. If the price goes up we might be able to enter at a higher position. However, the most important thing is that the trade is safe. Remember rookies look at how much they can win whereas professionals always consider how much they can potentially lose.
Comment:
There is a slight chance that price might make a higher high but as i mentioned earlier our stops are at breakeven so its a win-win situation. If it breaks the channel and goes down we will make money on the pair. If it doesn't we wont lose anything and look to sell from a higher area
