UPDATE: I should have cancelled this trade based on rule number 5 "Note that If 90 percent of first target is reached without triggering entry, trade is cancelled" Profit(pips)=-65x2=-130. ---------------------------------------------------------------------------------------------------------------------------------
A very simple long setup on trend line break and inverted head and shoulders after a prolonged bearish wave.
================================================================== Trading Criteria: 1. Trades are taken in two units 2. First unit would be closed at first target 3. Stop loss is then moved to break-even 4. Second unit would be closed at second target 5. Note that If 90 percent of first target is reached without triggering entry, trade is cancelled 6. Remember: Losing is a main part of the game