Update 2: Stopped out . Profit(pips)= -80x2=-160 Update: Trade is active now.
-------------------------------------------------------------------------------------------------------------------------------- A possible long here on a breakout above key resistance levels,
-The price may have completed a bottom for now after taking the main descending resistance, -The 200-days SMA a -Horziontal resistance at 139.25 -A potential bullish hammer candle today
I am looking to long the pair around 139.70, targeting 141.00 and 142.30. With a stop loss at 138.90.
Best of Luck , join me at twitter.com/thefxchannel Also at my Facebook page thefxchannel.com My best regards, Technician ==================================================================
Trading Criteria: 1. Trades are taken in two units 2. First unit would be closed at first target 3. Stop loss is then moved to break-even 4. Second unit would be closed at second target 5. Note that If 90 percent of first target is reached without triggering entry, trade is cancelled 6. Remember: Losing is a main part of the game ;
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