(J) Trade 1 : Counter Bias Short
Update 3: Stopped out at break-even
Profit= 0.
Balance= $30,000
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Update 2: Price reached more then 90% of first target, so i moved stop loss to break-even.
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Update 1: Entry was triggered .. Trade is active
==================================================================
Trade 1: Pending Short EURNZD @ 1.5850
S.L @ 1.5955
T1 1.5690
T2 1.5480
For 30,000 Capital, and 2% risk per trade=$600, Position size = 0.8 lot ( 0.4+0.4)
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Reasoning:
A reactive bounce is likely from potential resistance:
Wish me luck and best of luck for everyone.
Don't forget to click the Thumbs Up
For Trades rules and guidelines follow this link
My best regards
Technician
Subscribe to my trading portal thefxchannel.com
Profit= 0.
Balance= $30,000
---------------------------------------------------------------------------
Update 2: Price reached more then 90% of first target, so i moved stop loss to break-even.
---------------------------------------------------------------------------
Update 1: Entry was triggered .. Trade is active
==================================================================
Trade 1: Pending Short EURNZD @ 1.5850
S.L @ 1.5955
T1 1.5690
T2 1.5480
For 30,000 Capital, and 2% risk per trade=$600, Position size = 0.8 lot ( 0.4+0.4)
==================================================================
Reasoning:
A reactive bounce is likely from potential resistance:
- Main long term descending resistance
- Fibonacci retracement 0.786
- Previous Swing High
- Shooting Star Candle
Wish me luck and best of luck for everyone.
Don't forget to click the Thumbs Up
For Trades rules and guidelines follow this link
My best regards
Technician
Subscribe to my trading portal thefxchannel.com
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