Previous idea played out a treat. Retracement occured to expeted level and first target at 3.5 to 1 RR has been hit. Heading up nicely to 10 to 1 RR now.
Trade active
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Trade 2 heading up nicely. Now past 5 RR and heading nicely towards trade 2 target and 10 RR.
Trade closed: target reached
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Trader closed at forger at 10:1
Comments
mickstill
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2nd part of the trade still open and had a further bounce of the major trendline. New lower highs forming though so might reverse. Stop at breakeven already though.
mickstill
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Price continues to head north in the right direction for the trade. Now at around 6 RR and closing in on 10 RR target for 2nd part of trade. Trade is free trade with stop at break even.
mickstill
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After a short pause, the long trade is going well after part 1 closed at 3.5 RR, trade 2 continues to go in right direction and is risk free.