My previous trade idea was on the Daily Chart. A pin bar entry signal has appeared on a key level: So we go to the 15min for entry for sell entry. Head and Shoulder pattern on the 15min chart shows clear possible entry on re-test of shoulder. Stop Loss on recent lower high. TP1 on recent resistance level. TP2 on 100% of height of Head.
This is not trading advice.
Trade Less! JonC
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Trade entered and target 1 hit. Entry was 1.0925, wick hit 1.09254. We got entered by a whisker. This entry could easily have been missed but for the risk:reward we need to wait for these prices.
Target 1: 1.0880 hit. Some profit taken here. The price has charged through this level with no break. Still have some in the trade for Target 2. Will look to move stop loss and ladder in on retrace. New trading idea will be posted, will be trading in line with the heavy sell momentum. Need to be patient and not rush back into the trade and lose the profit we have made.