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Forex Stock Exchange Forum  » Forex and Stock Trading English Forum » Forex School » Profit Target

Profit Target

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1attention Profit Target Sun Sep 13, 2015 3:34 pm


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One simple way of managing the kangaroo tail trade is to take profit at the very next zone (see Figure 8.18).

FIGURE 8.18 A very simple and powerful exit strategy for the kangaroo tail is this: Take profit at the very next zone. After the bullish kangaroo tail on the NZD/USD weekly chart, the market trades higher and eventually finds the 0.6600 zone for a profit of 853 pips.
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