So we have a simple: -break of upward channel -Market exhaustion -Momentum change -Bearish Divergence
Let's see what happens..
Trade active
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(Journal) It's moving down, so that's good. SL is currently in profit, I made this mistake in the past, numerous times. If your trade is in profit. Let's say it is substantial profit (50 pips+) put your SL in profit for around 20 pips or so if the market turns and cuts out, at least you're stopped out in profit and not a loss.
A risk free trade is better than a losing trade.
Trade closed: target reached
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170 pips closed
Comment
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(Journal) Banged pips, easy simple, very nice mi like