- Stop at 1.1125
- Limit at 1.1035 (point B of Gartley Pattern)
Comment:
Entry was at 1.11013
Comment:
Limit adjusted to 1.1050. There are multiple times this has recently proven to be support or resistance and the risk-to-reward ratio on the trade is still 2:1
Trade closed: stop reached:
This didn't quite reach my target but was in the positive for a while. This morning my stop was filled at 1.1125. I'm ok with this because it's part of the plan. The trade was set with a Risk-to-Reward Ratio of over 2:1.
Comment:
Looking back at this trade, it was a good idea but when price action stalls out around a level and news is coming the next day, I should have taken whatever profits the trade had given me and moved on to the next...