This is part of my 2019 strategy (related chart below) that uses trend-following idea, supply & demand, Fibonacci retracements and COT analysis to confirm bias/momentum.
My trigger point (horizontal line) was broken while I am asleep. But I stick to my plan and didn't jumped out to enter the trade.
Instead, I placed a LIMIT ORDER with a hindsight that there is an upcoming news for EUR.
I am surprised that indeed the news triggered my order and came back down to my favor and shortly reached my initial target.
EP: 1.71926 TP: 1.70437 SL: 1.72697
With the initial target reached, I set my 1st trailing stop to 1.71518 (~40 pips below my entry price).
Stay tuned for updates related to this strategy and to this trade.