---> THIS IS A NAKED TRADING - NO INDICATORS <---
High probability Sell trade idea, for the downtrending general movement.
The stop loss cover the previous low and the take profit is at 1:2.5, which is an easy target but you can easily extend if it breaks the support.
PROFIT MANAGEMENT/TRADING PLAN:
At 1:1 - Take 50% Parochial Profits & move to Break Even
At 1:2 - Take 25% Parochial & move Stop Loss to 1:1
At 1:2.5 - Take 25% Parochial OR extend your profit target & move the Stop Loss to 1:2
HAVE A NICE WEEK & HAPPY PROFITS
High probability Sell trade idea, for the downtrending general movement.
The stop loss cover the previous low and the take profit is at 1:2.5, which is an easy target but you can easily extend if it breaks the support.
PROFIT MANAGEMENT/TRADING PLAN:
At 1:1 - Take 50% Parochial Profits & move to Break Even
At 1:2 - Take 25% Parochial & move Stop Loss to 1:1
At 1:2.5 - Take 25% Parochial OR extend your profit target & move the Stop Loss to 1:2
HAVE A NICE WEEK & HAPPY PROFITS