- Bullish breakout above
- Breakout in the direction of the main daily trend
- Bullish candle on the
- Stochastic near oversold on the daily
Entry: Buy at 1.5850 - Target 1: 1.5993 - Target 2: 1.6150 SL: 1.5778- Avg . RR = 3
This Trade will have Risk of capital of 1.5%
Stats before this trade
Number of trades: 6
Winning Trades : 2 Losing Trades: 3 Breakeven= 1
Net return: +1.6
-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.
Net return after trade: +0.1%
I agree this is uptrend but I think stop should be at 1.56950 based on the 4H and 1D chart, you can then see the trend channel is nice and clean. I am waiting for price to break and close above 1.58110 as I believe between 1.57690 - 1.58079 is a support = resistance channel, which you can confirm if you make the horizontal lines in 15M and then zoom out to 1D ;)