Looking to catch a measured move all the way up to the 1.1719 level. Price has already made an impulse and it seems like it's simply consolidating now preparing for the next push up, judging by the direction of the previous impulse.
My personal details
BUY STOP @ 1.1680
STOP LOSS @ 1.1650 (30 PIPS)
TARGET @ 1.1719 (39 PIPS)
RISK-REWARD = 1.3
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
My personal details
BUY STOP @ 1.1680
STOP LOSS @ 1.1650 (30 PIPS)
TARGET @ 1.1719 (39 PIPS)
RISK-REWARD = 1.3
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
