Trade #20 EURGBP - Long position for the final wave.
PRICE BELOW THE TREND LINE WILL CANCEL THE TRADE AUTOMATICALLY.
This is my attempt on hopping what it could be the last wave of the trend.
$0.75 area is the target projection of trend, which is my target two.
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Money management of my trades. There are two targets: the first one is at least double of the target two (the farthest). The proportion is 2/1. So, 2 lots for target one and one lot for target two.
Typically, when the target one is reached, the stop-loss of position for target two is put to breakeven.
This is my attempt on hopping what it could be the last wave of the trend.
$0.75 area is the target projection of trend, which is my target two.
___________________
Money management of my trades. There are two targets: the first one is at least double of the target two (the farthest). The proportion is 2/1. So, 2 lots for target one and one lot for target two.
Typically, when the target one is reached, the stop-loss of position for target two is put to breakeven.
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