SergeantPringles
Long

EURUSD - Flag after breakout from downchannel at 4H trendline

FX:EURUSD   Euro / U.S. Dollar
111 0 8
Im looking to buy this (maybe) ABCD flag formation if we can break above it. upside potential is huge up all the way to the solid blue line
Trade active
Comment: i will take 1/3 off here and pull my stop tight below the consolidation. as the market moves im not too happy with it. we might see a bigger ABCD here(so a move down soon) that why im already taking a 1:1 winner here plus tighter stops. if we we break the lows i will have nearly no loss. i can always add to the position if we break the upper trendline anyway
snapshot
Comment: if you are trading it with stops below the lower blue dashed line, then you ofc dont have to worry about it
and if we still go higher from here, i will still have 2 position to look for good profits. plus (like i said) there are always chances to make the position bigger again
Comment: stopped out for a small loss.
sidenote: my stop was always below the consolidation, and i cant widen my stop just because i expect a downward abcd. so i took my other option and protect myself as good as i can against a potential loss.

im still looking to reenter at a later point. setup is still valid and active after all. just no followthrough on the original breakout
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