Price is at the POC showing signs of volume accumulation. Judging by the prior impulse I expect one more move to the upside and potentially retesting yesterday's POC.
Furthermore the price has formed an Inverse H&S which I will not indicate because of over-cluttering. Those who know will see it.
My personal details:
Buy Stop: @ 1.1763
SL: @ 1.1740
TP: @ 1.1787
RR: 1
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
Furthermore the price has formed an Inverse H&S which I will not indicate because of over-cluttering. Those who know will see it.
My personal details:
Buy Stop: @ 1.1763
SL: @ 1.1740
TP: @ 1.1787
RR: 1
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
Comment:
could be a double top - let's hope not - eitherway the order has not been filled yet
Comment:
order filled
Trade closed: target reached:
position was closed at the 1.1782
