EURUSD: Short Setup Completion At Key Level

FX:EURUSD   Euro / U.S. Dollar
1298 7 37
Price is testing a key resistance level (previous structure, the upper parallel of a downslope median line ). Stoploss and profit targets as shown at the chart. As we always mention, if price reaches the first tp we should move our stoploss to breakeven at the second and third trade.

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Wait.... were you stopped out? That one long wick looks like it took you out. If so... did you get back in? The trade is good, but the timing may have been off. (H8 that)
Good post.... I am in agreement about the direction....
I think Tycoonuz would like for you to explain how you decided on your TP and SL levels.
Fxprotrader jasoncarlile
I choose my tp based on structure. My stoploss based on the setup i use to enter the market. If i go in profit as trade goes i move my stoploss at breakeven for a risk free trade. I hope that helps..
Would you please clarify TP and SL?
Fxprotrader Tycoonuz
There are in the chart
fxfxfx Fxprotrader
Similar here, I have 1.1285 level as trigger for SELL, that price would be a retest of the broken trendline on the 26th of Aug with TP at 1.105-1.095. Thanks for sharing as always!
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