(J) Trade 10: Reactive short of resistance #Forex
Update: Stopped Out.
Profit= -293.74-293.74= -$587.48
Balance= 29 798.94- 587.48 = $ 29 211.46
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Trade 10: Pending Short GBPCHF @1.4683
S.L @ 1.4775
T1 1.4552
T2 1.4468
For $29,798.94 Balance, Position size = 0.6 lot
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Reasoning
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Technician
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Profit= -293.74-293.74= -$587.48
Balance= 29 798.94- 587.48 = $ 29 211.46
===========================================================================
Trade 10: Pending Short GBPCHF @1.4683
S.L @ 1.4775
T1 1.4552
T2 1.4468
For $29,798.94 Balance, Position size = 0.6 lot
===========================================================================
Reasoning
- Failed to hold above previous high and resistahce area around 1.4700 area
- 200-days SMA is forming potential resistance
- Breakdown back below long-legged candle low.
Don't forget to click the Thumbs Up
Wish me luck and best of luck for everyone.
For Trades rules and guidelines follow this link
My best regards
Technician
Subscribe to my trading portal thefxchannel.com
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