This plan is not a suggestion...
I'm researching the ABCD reciprocal pattern. which is a strong resistance to do an instant sell with near or far targets already listed on the chart. if you follow this scenario please pay attention to money management.
please for reference comparison analysis.
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this time I mapped NZDCAD with a risk reward ratio of 1:6.5 if it is in full accordance with the farthest target.
the assumption is that if you risk 2% of the capital, then when the price reaches target 1, you have saved 1:3 if it is according to the plan, the farthest target saves profit is 12% of the capital.
this analysis is not an invitation ......
In this analysis, the Pending order scenario with SL 16pip follows the scenario
PO at that price is already listed on the chart
TP 1st , 2nd , 3th are already on the chart .
Full target with the assumption of shifting the SL to the target that has been achieved so that if the price changes to Pullback the trader will save profit.