Kobane Trading Plan 5/27/19 Tyree Thomas Jr EUR/CAD mark up for the week and check back because I may update my mark up
later in the week. The alert is set at the 38.2 level on the Fibonacci retracement tool, that level can also serve as a notice to manage your risk and move your trade into to stop profit.
The support and resistance lines serve as technical indicators and they are the 786 level on the Fibonacci retracement tool.
The alert can also serve as a the take profit instead of waiting for the market to hit the take profit that is posted.
With all of my trades, the first trade entry is set at a 1 to 1 ratio, and the second trade entry is set at a 2 to 1 ratio. I forgot to mention this on the other mark ups that I published.