Dear Traders,
please, be informed about our comment on the chart.
thanks,
Important
The analysis and ideas published here, not an investment recommendation or any call to buy or sell, is merely an analysis and a vision based on the study of the history of price movement and behavior which may not necessarily be the reason for the success of the analysis and the model and its repetition and thus the probability of success is quite equal to the probability of failure .
So, please make your decision based on your pure vision.
Publishing is for the purpose of exchanging, correcting and comparing ideas.
in case the market moves with the direction of the analysis and achieve the first objective, there are options for you:
First: close the deal and receive the profits.
Second: Close the half of the contracts and put the stop loss on entry.
Third, the stop loss is moved to the point of entry and waiting for the remaining targets to be achieved.
To protect capital and succeed in managing transactions and thus successful trading should not exceed the maximum potential loss in each transaction for the same currency or commodity and in the same direction (2%) of the value of the portfolio.
Good luck and good profit.