The slope of the pitchfork is pretty valid, and the price is now retracing to the sliding parallel above the median line, which has acted as strong support previously. Going long with sl and tp as shown in the chart is a very nice idea. The risk/reward ratio of this setup is a great one (4:1)
@Yakir, In my opinion, no..! No need to..! Losers are part of the game..! With a proper MM and high risk/reward ratio setups you can't go wrong..! The AUDUSD and the NZDJPY are doing great... So making 6 units in two trades and losing 1 in another one, and you have made a great profit for the day..! I hope you took my other two setups today..! Thank you for your support..!
Yakir
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@Fxprotrader, thanks
But I noted that price have reached yr stop and after will go to the take (from previous signals )
Fxprotrader
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@Yakir, In that case, I used my stop-loss wrong..! I am done with this setup..! I always use tight stops based on structure..! If I wanted to just show winner in Tradingview I would aim for a 1:1..! Forget about this setup for now..! Let's move on..!
Yakir
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@Fxprotrader, agreed
But for really interest matter - will see - price will go in long after spikes the traders stops
Yakir
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Brrrrr
Stop reached
Yakir
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Seems stop wil be reached
But I'm in long
Will see
Fxprotrader
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@Yakir, It came down with force breaking both the sliding parallel and the median line...