SFP on a big level with MACD divergence and beyond ATR
EUR is in a large downtrend, however this trade has a good R:R and after this parabolic move down a decent probability of a retracement at this time.
Hit market and got filled at 118.779, note I was a 10 minutes late in spotting this, then paid up a few ticks to avoid being left behind, it subsequently retraced some pips. Perhpas should be more patient on the entry when countering a strong trend as there is a higher probability of getting a better fill during the absorption phase.
EUR is in a large downtrend, however this trade has a good R:R and after this parabolic move down a decent probability of a retracement at this time.
Hit market and got filled at 118.779, note I was a 10 minutes late in spotting this, then paid up a few ticks to avoid being left behind, it subsequently retraced some pips. Perhpas should be more patient on the entry when countering a strong trend as there is a higher probability of getting a better fill during the absorption phase.
Trade closed: target reached:
With some churn, it shows again that letting a trade ride with no active management without valid trailing bars pays off