Wheat Cash CFD Trade Plan - Long & Short

Hello Traders;

Wheat Cash CFD - Globalprime
Trade Plan.

Long / Buy Trade.
Entry Level on break on upper support blue line @ 810.92 to 794.79

Take Profit 1 @ Daily Resistance / FIB 23.6% Level 855.86
Take Profit 2 @ 4 Hour Resistance / FIB 38.2% level 938.27
Take Profit 3 @ 1 Hour Resistance zone / FIB 61.80% level 1063.56
Stop Loss @ Daily Support Level / FIB 0 % Level 728.20

Lot Size :
Portfolio Size 10000
Risk to Reward 1 : 1
Lot size 7 units @ 5% Risk

TP 1 = Total PIPS in gain = 81.18 Profit 7.73 %
TP 2 = Total PIPS in gain = 143.48 Profit 18.31%
TP 3 = Total PIPS in gain = 268.77 Profit 33.95%
Total PIPS in Stop loss = 66.59 Loss 8.24%


Short / Sell Trade.
Entry Level on break on Lower support Red line @ 787.73 to 784.71

Take Profit 1 @ Daily Support / FIB 0.% Level 728.20
Take Profit 2 @ Daily Support at 675.89
Take Profit 3 @ Daily Support at 610.30
Stop Loss @ Daily Support Level / FIB 23.60% Level 855.86

Lot Size :
Portfolio Size 10000
Risk to Reward 1 : 1
Lot size 8 units @ 5% Risk

TP 1 = Total PIPS in gain = 56.86 Profit 6.82 %
TP 2 = Total PIPS in gain = 107.84 Profit 13.62%
TP 3 = Total PIPS in gain = 174.41 Profit 21.97%
Total PIPS in Stop loss = 71.98 Loss 9.25%

Regards