I have Bought AUDCAD for a quick short term trade, within the context of the recent sideways range. The price has also completed a three drives pattern at horizontal support. While FISHER indicator is oversold.
Long at: 0.9972 -- T1 : 1.0018-- T2:1.0070 ---- SL: 0.9946 ..... Risk for this trade is only 1.5% of capital.
Disclaimer: This is my trading experience, it is not an invite or recommendation to trade.
Remember -Never risk more than 2% of your balance on a single trade. And If you are a beginner 1%. -A Single or few trades result is not important. Whats important is the net return at the end of the month, quarter and year.
Best
Nota
First Target Hit. Not moving stop loss to break-even for now.
Nota
Moved stop to breakeven
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Remaining half stopped at breakeven. Profit: +1.7%
Trade chiuso manualmente
Correction: Profit: 1.32% .. As risk per trade was only 1.5% not 2%.
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