Today was a dangerous day to trade cable because of all the main news coming out (i.e. Manufacturing Production and Official Bank Rate) so i used 1/3 of my normal stake.
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| Before - click to enlarge |
I marked on chart my entry point and stop loss.
Purple ema (20) is below the red ema (80). CCI and Stochastic are moving in unison from their highest levels toward their respectively lowest levels.
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| After - click to enlarge |
Some time later and this is the result.
My target profit was at W-S1 (weekly support 1) but as you can see i could've made more pips all the way to D-S2 (daily pivot support 2).
I'm happy with this being my only trade of the day with 47 pips of profit.
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