Australian Dollar / U.S. DollarEducation
Multiple targets 'pullback strategy'
Open two same positions at pull back engulfing or pinbar candle....
first target should be 1:1 RR and second position 1:2 or 1:1.5 ....
when u hit ur first target move stop loss from second position to break even and u cant loose from second position yet u can win additional pips.....
on this example we hit first target and hit break even on second... so we are in profit!
first target should be 1:1 RR and second position 1:2 or 1:1.5 ....
when u hit ur first target move stop loss from second position to break even and u cant loose from second position yet u can win additional pips.....
on this example we hit first target and hit break even on second... so we are in profit!
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