Using 8x leverage max loss is two percent. Channel resistance and RSI oversold making this a high probability trade. Set the stop loss and sit back. Additional take profits are advised if using greater leverage though not really advisable to open oneself up to more than a 2-2.5% loss per trade. With my strategy of Resistance + RSI oversold using around 4:1 risk reward one only needs to be around 33% of the time and this is high probability$$$$.
If you agree hit the like/agree button. If you don't tell me why in the comment section or through private message.
If you agree hit the like/agree button. If you don't tell me why in the comment section or through private message.
評論:
a lower take profit would result in a higher probability for this one. I personally recommend a slightly lower take profit.
評論:
4:1 take profit is best because of resistance over .89
評論:
Good thing the entry reversal never happened
評論:
This is still potentially a false breakout
評論:
Yeah. don't enter trade if it doesn't respect resistance
