Going Short in USDCNH
Hello Traders;
USD CNH - Forex.com
Trade Plan.
Short / Sell Trade.
Entry Level should be below the 50.0% FIB / Daily Support zone with Bearish candle @ 7.19050
TP - 1 : Above the FIB level 78.6% / Daily Support zone @ 7.10470
TP - 2 : Above the 4 Hour support level / Weekly Support Zone @ 7.06960
TP - 3 : Above the FIB level 100.0% / Daily support level @ 7.03090
Stop Loss should be placed at 38.20% FIB Level Stop Loss @ 7.23770
Lot Size :
Portfolio Size 10000 $
Risk to Reward 1 : 1
Lot size 19560 units @ 5% Risk
TP - 1 = Total PIPS in gain = 858 Profit 1.28 %
TP - 2 = Total PIPS in gain = 1209 Profit 1.71 %
TP - 3 = Total PIPS in gain = 1596 Profit 2.30 %
Total PIPS in Stop loss = 472 Loss 0.66%
After the break of Neck Line of Head & Shoulder Pattern
Intact with the short trade and ride down to Weekly support down @ 6.71735.
Keep trailing Stop Loss on every support level during trade to secure profits.
Regards.
USD CNH - Forex.com
Trade Plan.
Short / Sell Trade.
Entry Level should be below the 50.0% FIB / Daily Support zone with Bearish candle @ 7.19050
TP - 1 : Above the FIB level 78.6% / Daily Support zone @ 7.10470
TP - 2 : Above the 4 Hour support level / Weekly Support Zone @ 7.06960
TP - 3 : Above the FIB level 100.0% / Daily support level @ 7.03090
Stop Loss should be placed at 38.20% FIB Level Stop Loss @ 7.23770
Lot Size :
Portfolio Size 10000 $
Risk to Reward 1 : 1
Lot size 19560 units @ 5% Risk
TP - 1 = Total PIPS in gain = 858 Profit 1.28 %
TP - 2 = Total PIPS in gain = 1209 Profit 1.71 %
TP - 3 = Total PIPS in gain = 1596 Profit 2.30 %
Total PIPS in Stop loss = 472 Loss 0.66%
After the break of Neck Line of Head & Shoulder Pattern
Intact with the short trade and ride down to Weekly support down @ 6.71735.
Keep trailing Stop Loss on every support level during trade to secure profits.
Regards.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.