Update 2: Remaining of position was stopped out at break-even
All position is closed
Profit= $425
New Balance= $30 592 + $425 = $31 017
Update: Closed half position at first target, moved stop loss to breakeven for the remaining position.
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Trade 13: SHORTED AUDJPY @94.55
Trade Status: Active
S.L @ 95.25
T1 93.60
T2 92.75
For $30 592 Balance, Position size = 1.1 lot ~ 2% risk of capital
===========================================================================
Reasoning
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All position is closed
Profit= $425
New Balance= $30 592 + $425 = $31 017
Update: Closed half position at first target, moved stop loss to breakeven for the remaining position.
===========================================================================
Trade 13: SHORTED AUDJPY @94.55
Trade Status: Active
S.L @ 95.25
T1 93.60
T2 92.75
For $30 592 Balance, Position size = 1.1 lot ~ 2% risk of capital
===========================================================================
Reasoning
- Major technical Breakout below 94.50 support
- Negative sentiment surrounding markets, as chances of a Greece default and exit of the euro have increased dramatically.
Don't forget to click the Thumbs Up
Wish me luck and best of luck for everyone.
For Trades rules and guidelines follow this link
My best regards
Technician
Subscribe to my trading portal thefxchannel.com