michaframp_

A sell stop order on the GBPCHF.

michaframp_ Updated   
OANDA:GBPCHF   British Pound / Swiss Franc
Selling because price is below both the LWMA and EMA (20 periods and there was a recent test of those MAs.
Moreover price is expected to move down soon.

Risk is 1% per trade.
Dont risk more than 2% of your capital Taking this trade is at your own risk and you agree to carry all the liabilities that comes with it.
Trade your backtested strategy that meets your lifestyle
Comment:
Trade is keeping longer than expected but don't worry. Remember that the market doesn't move according to ones expectations.
Also, there is always a great fight between buyers and sellers before a change in direction.
When it falls, it will fall faster than you can imagine.
Comment:
First target has been hit. Moved the second target to breakeven. (0.3 of stoploss)
Enjoy your gain.
Trade closed: target reached:
Second target hit

Sit back and enjoy
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.