Trade #4 long from VAL

Updated

Long from weekly level confluence with VAL.
Entered at 36578
SL = 36100 =low -100
TP1 1/4 at 36942
TP2 1/4 at 37417
TP3 1/4 at 37775
TP4 1/4 at 38134

Note

TP1 and TP2 hit
SL moved to entry price

Note

TP3 and 4 hit
Successful trade
The only thing I would change would be to enter more aggressively and closer to the support level. The overall risk reward ratio for this trade was 2.07. This could of been increased significantly.

Trade closed: target reached

The weekly level was the weekly open of 24th Jan.
Risk Reward Ratio.
What a RRR of 2 means is, if my win ratio is 1 out of 3 then I will be breaking even.
A RRR greater than 2 means I will be making a profit if I win one out of three trades.
By being more patient with limit orders for entries is the easiest way to increase the RRR

unspecial

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