Reason for entry:
1) The global trend on the daily chart is a downward approach to the level of support.
2) Strength on the side of the bulls (one bullish candle versus 5 bearish ones)
2) Level 0.0650
hang up from the level + false breakdown (there is volume).
The entry point is to buy 0.06550 (we are waiting for the entry with the corresponding candle pattern on M5).
Stop level 0.06360 (for false breakdown). The risk is 0.0019 pips.
Take Profit 0.07150
Number of Contracts:
2% of the deposit = stop loss size.
1) The global trend on the daily chart is a downward approach to the level of support.
2) Strength on the side of the bulls (one bullish candle versus 5 bearish ones)
2) Level 0.0650
hang up from the level + false breakdown (there is volume).
The entry point is to buy 0.06550 (we are waiting for the entry with the corresponding candle pattern on M5).
Stop level 0.06360 (for false breakdown). The risk is 0.0019 pips.
Take Profit 0.07150
Number of Contracts:
2% of the deposit = stop loss size.
Trade closed: stop reached:
Stop loss 0.06360 -0.0019p.