The daily chart on the CHFSGD shows some reaction at 1.3560. Lets see if a retest holds and lets shift to the 4 hour chart to see what kind of clues we can find over there.
The 4 hour doesn't give us an entry either but since price is near support I'll put this on mu watch list.
Check out my new website in the link in my bio! More help for traders!!💪🏻
3 377:22 PM Dec 9, 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)