Update: Trade is active
Update I decided to close half position at 15.85 and move stop loss to break-even for the second half. Due to potential falling wedge and trend line support.
Update: Stopped at break-even for second half
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Shorting Silver on bearish breakout
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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
Notes:
5) If 90 percent of first target is reached without triggering entry I cancel the trade
6) If 90 percent of first target is reached I move stop loss to breakeven.
7) Remember: Losing is a main part of the game
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twitter.com/thefxchannel
www.facebook.com/thefxchannel
plus.google.com/+Thefxchannel0
My best regards
Technician
Update I decided to close half position at 15.85 and move stop loss to break-even for the second half. Due to potential falling wedge and trend line support.
Update: Stopped at break-even for second half
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Shorting Silver on bearish breakout
- Double top formation completed by breaking 16.40 neckline
- 50-days SMA bearish breakout
- Failure near the main falling trend line
- Long term trend remains bearish
Be one of the first members of my new trading portal, check my new website thefxchannel.com/ , vote and subscribe. Thank you
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
Notes:
5) If 90 percent of first target is reached without triggering entry I cancel the trade
6) If 90 percent of first target is reached I move stop loss to breakeven.
7) Remember: Losing is a main part of the game
------------------------------------------------------------------------------------------------------------------------------------------------------------
twitter.com/thefxchannel
www.facebook.com/thefxchannel
plus.google.com/+Thefxchannel0
My best regards
Technician