Update: The trade is active
Update: Stopped out
Regardless of the latest strong bearish wave, the structure of higher highs and higher lows hasn't been broken yet, as the latest higher low is still intact and that keeps the short term bullish trend valid and hints a potential rebound as price attempts to maintain this structure with a new higher low. Having that said, i was looking for some bullish rebound signals that i could speculate on, what we have is : Multiple pin bars at the 61.8 key retracement level and near the rising trend line.. I am long from 1205 in my personal account, however i placed 1200 as an entry point for this idea for a more optimum trade in terms of a better risk-reward...
Thank you for reading , be one of the first members of my new trading portal, check my new website thefxchannel.com/ , vote and subscribe. Thank you
Trading Criteria:
1. Trades are taken in two units
2. First unit would be closed at first target
3. Stop loss is then moved to break-even
4. Second unit would be closed at second target
Notes:
5) If 90 percent of first target is reached I move stop loss to breakeven.
6) If 90 percent of first target is reached without triggering entry I cancel the trade.
7) Remember: Losing is a main part of the game
------------------------------------------------------------------------------------------------------------------------------------------------------------
Good luck, keep your stops tight..
twitter.com/thefxchannel
www.facebook.com/thefxchannel
plus.google.com/+Thefxchannel0
My best regards
Technician
Update: Stopped out
Regardless of the latest strong bearish wave, the structure of higher highs and higher lows hasn't been broken yet, as the latest higher low is still intact and that keeps the short term bullish trend valid and hints a potential rebound as price attempts to maintain this structure with a new higher low. Having that said, i was looking for some bullish rebound signals that i could speculate on, what we have is : Multiple pin bars at the 61.8 key retracement level and near the rising trend line.. I am long from 1205 in my personal account, however i placed 1200 as an entry point for this idea for a more optimum trade in terms of a better risk-reward...
Thank you for reading , be one of the first members of my new trading portal, check my new website thefxchannel.com/ , vote and subscribe. Thank you
Trading Criteria:
1. Trades are taken in two units
2. First unit would be closed at first target
3. Stop loss is then moved to break-even
4. Second unit would be closed at second target
Notes:
5) If 90 percent of first target is reached I move stop loss to breakeven.
6) If 90 percent of first target is reached without triggering entry I cancel the trade.
7) Remember: Losing is a main part of the game
------------------------------------------------------------------------------------------------------------------------------------------------------------
Good luck, keep your stops tight..
twitter.com/thefxchannel
www.facebook.com/thefxchannel
plus.google.com/+Thefxchannel0
My best regards
Technician