Friday, 28 September 2018

BACK TO PROFIT again

Hi Everyone

I told you before that we will be analyzing the reason we entered into the trade later in the day.The pair just entered into profit and we have been watching it at the Forex Mechanic Workshop, although it has  not reached our 14 Pips that we wanted to used for our Stop Loss . But as it is we don't like giving  back profit once we make it..
Again in the Chart below you will see that it has reached a Resistance Level of 0.64749 and we have to wait for that Price level to be broken.
So once the one hour candle closes above 0.64749 then we will wait to till next week to cash out the profit target


See The Chart Below
 The chart will show you that we are in profit already . 
About now the battle is on to break the Resistance level so we are watching the 5 min Chart to take decision

Whatever we decide we will let you know. If we are going to scalp and reenter next week .
we have a culture at the Forex Mechanic Workshop we don't give back profit once we make it no matter how small.
I think we will get out of this trade now . I just received a message from The Forex Mechanics now that the price has eventually closed under the Resistance Level . See what is happening in 5 Mins Chart you will see that even that our pips have dropped

SORRY WE ARE BACK TO PROFIT AGAIN  SEE IT YOURSELF

Well we will see you next week 
Have a sweet weekend.






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