Update: First Target Hit. Exceptionally, I am not moving stop loss to break even for this trade.
Update: closed near full target at 1.3640.
Profit(pips)=50+110=160
Accumulated profit/loss (pips) = 2472
I am looking for a short term bullish rebound as price shows a strong bounce of the 1.27 extension level of CD Wave and 61.8 retracement for the overall bullish wave within the context of the falling wedge
twitter.com/thefxchannel
thefxchannel.com
Trade number: 64
Accumulated profit/loss (pips) = 2312
Pre-trade stats
Number of trades:63
Winners: 33 Losers: 22 Cancelled: 8
Profit/loss (in pips) = 2312
Open trades: none Pending trades: none
Trading Criteria:
1. Trades are taken in two units
2. First unit would be closed at first target
3. Stop loss is moved to breakeven
4. Second unit at second target
5. If 90 percent of first target is reached without triggering entry, trade is cancelled
Update: closed near full target at 1.3640.
Profit(pips)=50+110=160
Accumulated profit/loss (pips) = 2472
I am looking for a short term bullish rebound as price shows a strong bounce of the 1.27 extension level of CD Wave and 61.8 retracement for the overall bullish wave within the context of the falling wedge
twitter.com/thefxchannel
thefxchannel.com
Trade number: 64
Accumulated profit/loss (pips) = 2312
Pre-trade stats
Number of trades:63
Winners: 33 Losers: 22 Cancelled: 8
Profit/loss (in pips) = 2312
Open trades: none Pending trades: none
Trading Criteria:
1. Trades are taken in two units
2. First unit would be closed at first target
3. Stop loss is moved to breakeven
4. Second unit at second target
5. If 90 percent of first target is reached without triggering entry, trade is cancelled