TRADE #8
I waited for the price to come to 61% but it never came stayed in the 50%.
Price just broke the flag formation and is heading down.
I am selling on the market when the market opens on Monday and will decide where to put my stop loss.
First target could be 1.66887
Second 1.65600
Third 1.62500
Reason for the trade
1) 50% retracement
2) seems to be trending downwards now
I waited for the price to come to 61% but it never came stayed in the 50%.
Price just broke the flag formation and is heading down.
I am selling on the market when the market opens on Monday and will decide where to put my stop loss.
First target could be 1.66887
Second 1.65600
Third 1.62500
Reason for the trade
1) 50% retracement
2) seems to be trending downwards now
Trade active:
Opened manually. at 1.67906
I believe that there will be a pull back to 1.68400 +- and then go back down again.
If not prices will meet my stop loss at 1.68096 and 1.68773.
Sell limit order at 1.68400 as well.
I believe that there will be a pull back to 1.68400 +- and then go back down again.
If not prices will meet my stop loss at 1.68096 and 1.68773.
Sell limit order at 1.68400 as well.
Trade active:
So far so good.
75pips in one
and 25 pips in the other trade.
I think we can go further.
75pips in one
and 25 pips in the other trade.
I think we can go further.
Trade closed: stop reached:
Unfortunately I got stop loss.
All good. Move on.
Open - 1.67096 - Stop loss - 1.68773 - and prices went to 1.69128
Open - 1.68400 - Stop Loss - 1.68900 - prices went to 1.68128
It was a good exercise.
I kept my stops in place and didn't cry to see a profitable trade hitting stop loss.
All good. Move on.
Open - 1.67096 - Stop loss - 1.68773 - and prices went to 1.69128
Open - 1.68400 - Stop Loss - 1.68900 - prices went to 1.68128
It was a good exercise.
I kept my stops in place and didn't cry to see a profitable trade hitting stop loss.