Bought at precisely last “Sell” indication and have a target at the last “buy” signal marked at 1.8000.
Once it reaches those levels I will then switch to “Trailing Stop” with 10 pip following for maximum profit. Before going on to find the next weekly trend for a short or long position.
The set up is to catch the overall trend and have two confirmations before going into position.
My max loss is currently at 150 pips . But that’s there just in case I’m away from the screen and it so happens to spike and take me out of position.
Overall, I’m waiting for next “bullish” confirmation on the 4hr frame.
Once it reaches those levels I will then switch to “Trailing Stop” with 10 pip following for maximum profit. Before going on to find the next weekly trend for a short or long position.
The set up is to catch the overall trend and have two confirmations before going into position.
My max loss is currently at 150 pips . But that’s there just in case I’m away from the screen and it so happens to spike and take me out of position.
Overall, I’m waiting for next “bullish” confirmation on the 4hr frame.