Long Setup
- Long Stop
- Higher timeframe supports H4 and Daily
- Enter market when it break the entry level
Setup Entry #1
- Entry: 1.21927
- SL: 1.21640
- TP1: 1.22821
- TP2: 1.23721
- TP1 Reward: 3.11
- TP2 Reward: 6.25
- Long Stop
- Higher timeframe supports H4 and Daily
- Enter market when it break the entry level
Setup Entry #1
- Entry: 1.21927
- SL: 1.21640
- TP1: 1.22821
- TP2: 1.23721
- TP1 Reward: 3.11
- TP2 Reward: 6.25
Trade active:
Activated @ 25 May 2020 21:00
Trade closed manually:
TP1 closed manually @ 1.22654
Comment:
Second position move to break even.
Comment:
Well TP1 hit anyway a strong hit!
Second position stop move to 1.22030 the low of recent impulse leg
Second position stop move to 1.22030 the low of recent impulse leg
Comment:
I am crazy! I am thinking a positive hedge at this level, take it down until I Long Entry#2.
Comment:
Added a hedge trade while waiting for Entry#2
![GBPUSD [Pending Short Hedge]](https://s3.tradingview.com/8/8ze48uoi_big.png)
Comment:
Move 2nd position TP2 to 1.23494 same as the hedge trade Stop therefore if hedge setup break all setup closed!
Trade closed: target reached:
TP2 hit at 1.23494 alone with hedge stop out. total profit of second position down to 1:5 risk:reward ratio included the fees.
Still a good home run trade.
Still a good home run trade.
