Short Setup
- Addon entry for previous short
![EURUSD [Pending Short]](https://static.tradingview.com/static/images/svg/idea-image-placeholder.svg)
- Sell Stop (Pending order)
- I see this is a spike out on higher timeframe of a strong resistance neck level
Setup
- Entry: 1.12821
- Stop: 1.13002
- TP1: 1.12122
- TP2: 1.10937 (Same as entry#1)
- Addon entry for previous short
![EURUSD [Pending Short]](https://s3.tradingview.com/t/ttDkbrp5_big.png)
- I see this is a spike out on higher timeframe of a strong resistance neck level
Setup
- Entry: 1.12821
- Stop: 1.13002
- TP1: 1.12122
- TP2: 1.10937 (Same as entry#1)
Comment:
Full analysis:
Comment:
Updated with correct levels:
Comment:
Money management tips:
When this trade is activated, move the previous trade 2nd position stop to the same stop as this trade.
To milk the market, I would use the profit from entry#1 second position to this trade risk amount.
E.g. If stop moved my previous trade profit is $20, I will use $10 per position for this trade.
This is how to really accelerated profit when the trade works out.
When this trade is activated, move the previous trade 2nd position stop to the same stop as this trade.
To milk the market, I would use the profit from entry#1 second position to this trade risk amount.
E.g. If stop moved my previous trade profit is $20, I will use $10 per position for this trade.
This is how to really accelerated profit when the trade works out.
Order cancelled:
Trade cancel
