Analysis based on trend continuation after a false breakout on H4 timeframe.
RULES
Move Stop Loss to break even line when price hits 50% profit.
Move Stop Loss to 50% profit when price hits 90% profit.
Move Take profit to Break Even Line if price candle closes above the 50% Stop Loss level.
RULES
Move Stop Loss to break even line when price hits 50% profit.
Move Stop Loss to 50% profit when price hits 90% profit.
Move Take profit to Break Even Line if price candle closes above the 50% Stop Loss level.
Comment:
Signal valid ONLY for 1 H4 candle.
Trade closed: target reached:
Price candle closed below the 50% Stop Loss level thus moving Take Proft to Break Even line.