The main concept of safe trading is how to manage and reduce risk properly, so that when you predict the wrong movement of the market…
Trend Suggestion : Minor Uptrend
Open Position with Buy Stop at 1.12826
Take Profit at 1.17236
Stop Loss at 1.10036
Safe Rules of lots size for challenge and funding account:
$2500 = 0.01
$10000 = 0.03
$20000 = 0.06
$25000 = 0.08
$40000 = 0.13
$50000 = 0.16
$100000 = 0.32
$200000 = 0.63
The measurement uses strong support and strong resistance by looking at price movements starting from the Daily Time frame (D1), 4 Hours (H4) and 1 Hour (H1).
Price movements are expected to continue to rise after a price reversal from the previous week.
This Trading Plan uses purely technical analysis ignoring fundamental analysis.
This is just an idea of a safe trading plan with a risk of just under 1% of the stated amount.
All risks that occur are the responsibility of each user.
Thank You for reading and Good Luck with Consistent profit!
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