The Way of Investment (Part 11)
The Path to Investment Mastery (Part11）
1.
Converging Down Currency Pair (AUDCHF）
Entry period is from2021 year3month22 day to2021 year8month6 day.
The figure above is theAUDCHF daily chart. The lower half is the “Visualization Indicator,” and the thick purple-red line graph corresponds toAUDCHF. The position is held as a short position from the time the chart begins to decline until it flattens.
Drawdown is25PIPS, the stop-loss is90PIPS, the take-profit is490PIPS, and the risk-reward ratio is5.44, enabling a classic trade.
2.
Converging Down Currency Pair (NZDJPY）
Entry period is from2021 year3month19 day to2021 year8month3 day.
The stop-loss is120PIPS, with a drawdown of215PIPS, resulting in a loss on the trade.
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