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sell limit order @1.186
take profit 1.81
stop loss 1.88
----------------------------
The idea is based on the cross of the MAs on the 4 hour time frame while the candle rejects the zone and the market is on a downtrend.
With this trade I'm looking for a 2.5 risk/reward.
PS: I'll be moving stop loss to break even once it passes the 20pips profit mark, to override risk.
sell limit order @1.186
take profit 1.81
stop loss 1.88
----------------------------
The idea is based on the cross of the MAs on the 4 hour time frame while the candle rejects the zone and the market is on a downtrend.
With this trade I'm looking for a 2.5 risk/reward.
PS: I'll be moving stop loss to break even once it passes the 20pips profit mark, to override risk.