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_Tradeartist
Nov 16, 2016 5:49 PM

Eur/Usd Descending Channel Short

Euro Fx/U.S. DollarFXCM

Description

Currently short on touch from top of descending channel, SL set at previous structure high, TP 1 at previous lows and TP 2 at latest channel lows. trailing stops if price hits TP 1

Comment

TP 1 got hit almost immediately, will now see if TP 2 gets hit as well trailing my stop along the way in case this reverses.

Trade closed: target reached

Closed the trade a bit early at 38 pips profit, caught more than 90% of the move. More than happy with that & profit target for the week met. and it's barely Wednesday.

Comment

2 hours for a .5% account growth
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