Reason for entry:
1) On the daily chart, the downtrend continues.
2) A new level of 0.05500 has formed on the 1H chart
3) Consolidation at the resistance level + false breakdown (there is a weak volume).
Short 0.05450.
Stop level 0.05600 (-15p).
Take Profit 0.05
Number of Contracts:
2% of the deposit = stop loss size.
1) On the daily chart, the downtrend continues.
2) A new level of 0.05500 has formed on the 1H chart
3) Consolidation at the resistance level + false breakdown (there is a weak volume).
Short 0.05450.
Stop level 0.05600 (-15p).
Take Profit 0.05
Number of Contracts:
2% of the deposit = stop loss size.
Trade closed: stop reached:
Close Stop loss 0.05600