USDCHF - BULLISH TRADE SETUP ANALYSIS
Updated
BULLISH TRADE SETUP ANALYSIS
Monthly TF = Bullish
Daily TF = Bulish
Type of Trade = Momentum Breakout
Time to profit target = 1 to 2 days
Reward to Risk Ratio = 3:1
Risk = 1% of account balance
Monthly TF = Bullish
Daily TF = Bulish
Type of Trade = Momentum Breakout
Time to profit target = 1 to 2 days
Reward to Risk Ratio = 3:1
Risk = 1% of account balance
Note
Changing Buy Stop Order to Market Order to Buy at the Close above 0.9727Note
Stopped Out at 5:24AM CST on 5/12/2020Note
I will be looking for a new long trade setup to re-enter!Note
Note: Getting Stopped Out is a good thing and not a bad thing, it happens to all traders, by protecting our trading accounts from large losses.
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