Hello, this trade is not really my style and it fits the swing trade field.
I am trying to see the low Risk/Reward Ratio signs in the market maker area.
But it can be useful for those in this position .
COT Net Commercial Positions , Open Interests and Price Percent Changes :
CAD Positions increased more than CHF Positions but
CHF Open Interests are really tough !
Thus a retreat can be expected to the support point.
Determine leverage and stop levels according to your risk.
It seems reasonable to open 1 percent position size with the stop level corresponding to 1 percent stop value.
First Target : 0.68000 (Fibonacci 0.00 point)
Regards.
I am trying to see the low Risk/Reward Ratio signs in the market maker area.
But it can be useful for those in this position .
COT Net Commercial Positions , Open Interests and Price Percent Changes :
CAD Positions increased more than CHF Positions but
CHF Open Interests are really tough !
Thus a retreat can be expected to the support point.
Determine leverage and stop levels according to your risk.
It seems reasonable to open 1 percent position size with the stop level corresponding to 1 percent stop value.
First Target : 0.68000 (Fibonacci 0.00 point)
Regards.
Trade closed: target reached:
Target reached : 110 pips !