If I were to enter this trade with a 5% risk with a $5000 account
Profit = $1262.02
Total Amount = $6262.02
Loss = $250.00
Total Amount = $4750.02
Total Trades = 20 with a 5% risk
Goal = < 50% Win Rate
Key Points:
Fibonacci Level
Support - Resistance - Key Levels
61.80% Lined up with support level
Trend line + Support level = Trading Range (Area between trend line and support)
-38.20% level would be maximum profit?
Support level would be maximum profit?
Trade 1 Result = ?