Update: Stopped out = -85x2= -170
Update: Trade is ACTIVE
----------------------------------------------------------------------------------------------------------------------------------------------------------------------
- Rising channel was taken
- Key Horizontal Support around 0.8400 was taken
-50 days SMA was taken
-Retested that broken support area, and failed.
-Rejection pin bars
Trade Safe, and Best of Luck , join me at twitter.com/thefxchannel
Also at my Facebook page www.thefxchannel.com
My best regards,
Technician
==================================================================
Trading Criteria:
1. Trades are taken in two units
2. First unit would be closed at first target
3. Stop loss is then moved to break-even
4. Second unit would be closed at second target
5. Note that If 90 percent of first target is reached without triggering entry, trade is cancelled
6. Remember: Losing is a main part of the game
Update: Trade is ACTIVE
----------------------------------------------------------------------------------------------------------------------------------------------------------------------
- Rising channel was taken
- Key Horizontal Support around 0.8400 was taken
-50 days SMA was taken
-Retested that broken support area, and failed.
-Rejection pin bars
Trade Safe, and Best of Luck , join me at twitter.com/thefxchannel
Also at my Facebook page www.thefxchannel.com
My best regards,
Technician
==================================================================
Trading Criteria:
1. Trades are taken in two units
2. First unit would be closed at first target
3. Stop loss is then moved to break-even
4. Second unit would be closed at second target
5. Note that If 90 percent of first target is reached without triggering entry, trade is cancelled
6. Remember: Losing is a main part of the game
