This is a classic example of the TLS trading system using price action:
Trend = down
Level = resistance
Signal = bearish engulfing (and a hanging man with confirmation)
Stop loss @ 1.32199 and
Take profit @ 1.30871
30 pip risk for 100 pip reward
Dont bet the farm and always exercise healthy risk management :)
Trend = down
Level = resistance
Signal = bearish engulfing (and a hanging man with confirmation)
Stop loss @ 1.32199 and
Take profit @ 1.30871
30 pip risk for 100 pip reward
Dont bet the farm and always exercise healthy risk management :)
Trade geschlossen: Stop wurde erreicht:
- 30 pips