SMPTrader

Possible XST Long Position!!

Long
ASX:XST   XSTATE RESOURCES LIMITED
ASX:XST
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY

SMP Strategy

Market Direction: Long Position

Chart time frame - Daily
Timeframe - 30 days

A – Activating Event
Market will meet support in zone @ current levels - ... . In order to enter into this trade, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market will move towards the first Target 1 level @ 0.02
C - Fundamentals that may affect the pair
N/A
D - Trade Management
Entered @ .....
Stop Loss @ .....
Trailing Stop Loss@.....
Target 1 @ 0.02
Target 2 @ ....

Risk/Reward @ 1.4

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