I was short based on the bat from this idea:
TP1 was met on that one but my SL was hit since I trailed it to 0.7330 instead of BE.
We could still be comepleting TP2 though so I was looking to get back short.
We now broke the "up" trendline of the retracement up from TP1 so I thought it would still give us an opportunity to get back in to the short trade. PA is retesting the broken trendline as we speak, so it might be prudent to wait and see if it doesn't retrace all the way back up.
SL can be just above the D point of the bat or above 0.7400 if you want to give it a bit more wiggle-room.
TP1 is again the 38.2 ret. of the bat's CD leg (could become a possible double bottom, who knows...). TP2 is still the 61.8 ret. of the bat's CD leg.
TP1 was met on that one but my SL was hit since I trailed it to 0.7330 instead of BE.
We could still be comepleting TP2 though so I was looking to get back short.
We now broke the "up" trendline of the retracement up from TP1 so I thought it would still give us an opportunity to get back in to the short trade. PA is retesting the broken trendline as we speak, so it might be prudent to wait and see if it doesn't retrace all the way back up.
SL can be just above the D point of the bat or above 0.7400 if you want to give it a bit more wiggle-room.
TP1 is again the 38.2 ret. of the bat's CD leg (could become a possible double bottom, who knows...). TP2 is still the 61.8 ret. of the bat's CD leg.
Trade closed: target reached:
All targets reached, good trade!
Comment:
Now waiting for this one:
