Well, unfortunately, I was stopped out in the previous trade.
The price is still forming a falling channel / flag, and I am anticipating that there will be a strong bullish momentum.
After retesting the upper trend line, I will enter my trade @0.47 and my Target is 0.59. Stop loss will be positioned @0.43
My targets are 0.51 ( R:R 1: 1), 0.55 (R:R 1: 2) and finally 0.59( 1: 3).
My R:R is 1: 3 and I am using the rising channel chart pattern to enter my trade.
Remember, use 1 - 2 % of your account.
The price is still forming a falling channel / flag, and I am anticipating that there will be a strong bullish momentum.
After retesting the upper trend line, I will enter my trade @0.47 and my Target is 0.59. Stop loss will be positioned @0.43
My targets are 0.51 ( R:R 1: 1), 0.55 (R:R 1: 2) and finally 0.59( 1: 3).
My R:R is 1: 3 and I am using the rising channel chart pattern to enter my trade.
Remember, use 1 - 2 % of your account.
Trade active:
Active