USDCNH, US Dollar - China Yuan: Falling Wedge

16 Jan 2020

USDCNH
If a bullish breakout should occur on this falling wedge, we will eventually try to get back on this cross.
The first trade closed at a loss at 60% of the initial maximum risk.
In this way we had optimized the realized losses reducing as often happens the % at initial risk.
We do the same thing when trades follow our direction and also optimize profits.
What happens in this way?
We conclude trades in 45% of cases with a profit of 3/4 times the losses. We have even earned 20 times more than the initial risk a few times.
Our first goal is always not to lose money.
Why?
Because we have learned from the best traders in history, and we want to take part in that elite as well.
Happy Trading to All!