Introduction Hello trading-view! My break of three weeks is over, and it’s time to get back on schedule. OXTUSD has the potential to hit nearly 46 cents sometime in February if there is a break upward of it’s symmetrical triangle. In other words, it might go up as much as 15 cents soon. ———————————————————————————————————————————————————————— Statistics Here are the details of the trade such as risk reward, stop-loss, etc...
Target: 0.4594 Entry: 0.3394 Stop-loss: 0.2846 RR: 2.19 Potential Profit: 35.36% Potential loss: 16.15% ———————————————————————————————————————————————————————— Final thoughts Remember to use position sizing to minimize the risk you take on any one trade. I will be posting an educational idea either in the afternoon or tomorrow, and starting this week every Sunday. I will also be posting more trades like this. Keep in mind I might miss a few good setups simply because I’m not a full time trader.