ETCUSD: Example of Buy Trade

Here is an example of a long trade, which is based on a breakout above the local downtrend and SMA100. It is a trade in the direction of the main trend.

Buy above 7.10USD
Stop below 6.70USD
Profit Target at 8.00USD and 10.00USD.

Risk per trade can be no more than 5% of the capital.



Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.