The entry of 2583.75 is based on the previous day close of the 200 SMA Stop loss is 2 ATR from the entry. Profit target #1 is 2 ATR from the entry, giving you a reward to risk ratio of 1:1.
Trading Plan: 1. Set Stop loss (2491.25) 2. Sell half at Profit target #1 (2676.25) 3. Once Profit target #1 hit, shift stop loss to 1 ATR above your entry.(2630.00) 4. Sell the remaining half at the resistance. (2718.00) (Closing of the red candle on 21 March 2018)
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