Update : First Target Hit, Moved stop loss to entry.
Update: 2nd half stopped out at entry.
Profit(pips)= 160
--------------------------------------------------------------------------------------------------------------------------------
-Possible support at the 200-days SMA
-Possible support at the rising channel trend line
-50 percent retracement level for overall bullish trend
-Potential falling wedge pattern(not ideal)
-Bullish divergence on RSI
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: 2nd half stopped out at entry.
Profit(pips)= 160
--------------------------------------------------------------------------------------------------------------------------------
-Possible support at the 200-days SMA
-Possible support at the rising channel trend line
-50 percent retracement level for overall bullish trend
-Potential falling wedge pattern(not ideal)
-Bullish divergence on RSI
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
