The first trading day of the new year and the EURUSD has reached the 1.20300 again. Let´s see if this level breaks and we´ll see more upside momentum.
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3 598:01 AM Jan 2, 2018
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1 2811:31 AM Dec 9, 2017
EURCHF has been moving sideways since October with resistance at 1.17200 and support just below 1.16000. Price is moving into the resistance again so I´m looking for a short back to 1.16000. With obvious stops this is a nice range trade setup.
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3 397:41 PM Dec 6, 2017
Now lets say for this example that I’m willing to take a 5% risk and a minimum Risk-Reward-Ratio of >1:2. The account I’m trading from is a new account with a 2000,- balance. In that case my loss could be no bigger than 100,- and my profit should be 200,- or more as the picture shows. If this trade closes with a profit the next trade can be bigger when the 5% and the >1:2 RRR still applies (higher risk and also a higher potential profit)