Update: Target Reached without entry Trade Cancelled.
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Trade 7: Pending Long IBEX35 @ 10,800
S.L @ 10590
T1 11,160
T2 11,585
For $29,798.94 Balance, Position size = 0.4 lot (0.2+0.2) .
Risk= 4(position size) x0.8(point value per 0.1 lot)x210(stop loss)=$672 ~ 2.2% of Balance.
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Reasoning
Don't forget to click the Thumbs Up
Wish me luck and best of luck for everyone.
For Trades rules and guidelines follow this link
My best regards
Technician
Subscribe to my trading portal thefxchannel.com
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Trade 7: Pending Long IBEX35 @ 10,800
S.L @ 10590
T1 11,160
T2 11,585
For $29,798.94 Balance, Position size = 0.4 lot (0.2+0.2) .
Risk= 4(position size) x0.8(point value per 0.1 lot)x210(stop loss)=$672 ~ 2.2% of Balance.
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Reasoning
- Long term trend is up
- 200 Days SMA forming support
- Multiple hammer candles at 200-days Average
- 1.271 extension of recent bullish wave
- Fundamental factor: Any minor progress on Greece will probably lead to a major rally, as economic conditions improved recently in the euro area and ECB continues to pump money through QE.
Don't forget to click the Thumbs Up
Wish me luck and best of luck for everyone.
For Trades rules and guidelines follow this link

My best regards
Technician
Subscribe to my trading portal thefxchannel.com
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。