Update: Half position closed at First Target , stop loss moved to entry
I had no luck shorting the pair recently, however, i still see the setup valid and therefore wont hesistate to short this again.
Yesterdays candle closed lower, forming a long-legged candle at that major as you can see on chart.
A follow through and break below the doji's low could give further chances for this scenario.
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1.Trades are taken in two units
2.First unit would be closed at first target
3.Stop loss is then moved to break-even
4.Second unit would be closed at second target
5) If 90 percent of first target is reached without triggering entry I cancel the trade
6) If 90 percent of first target is reached I move stop loss to breakeven.
7) Remember: Losing is a main part of the game
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