MA trades:
We have a nice up move in this pair, so we will look to get in on a pullback. This is an MA trade with a High probability and Good RRR.
Entry = 1.9254
Stop =1.9234
Risk = 20 pips
Profit target = 1.9314
Reward = + 60 Pips
RRR = 3-1
* understand that this entry is based on a moving Average, so it will...move. I will update before it is triggered.
**Once this trade is up + 20 pips, move your stop to breakeven and let it run
I would appreciate if you leave a comment or like as a thank you
Have a great week !
Allen
We have a nice up move in this pair, so we will look to get in on a pullback. This is an MA trade with a High probability and Good RRR.
Entry = 1.9254
Stop =1.9234
Risk = 20 pips
Profit target = 1.9314
Reward = + 60 Pips
RRR = 3-1
* understand that this entry is based on a moving Average, so it will...move. I will update before it is triggered.
**Once this trade is up + 20 pips, move your stop to breakeven and let it run
I would appreciate if you leave a comment or like as a thank you
Have a great week !
Allen
Note
Updated Parameters:Entry: 1.9265
Stop: 1.9245
PT: 1.9325
Order cancelled
Unfortunately, Price has continued to go sideways, as opposed to moving down to the MA, accordingly, this trade is cancelled.Note
Here is the documented trade. Although I did not take the trade, I still document it so I can make a more informed decision in the future.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.