Got stopped out on a trailing stop @1.12619. That's why it's ALWAYS important to have an exit plan, folks. Unfortunately, prices did not continue rising to get the TP2. But having protected my winnings by using a trailing stop, I still managed to bag +92 pips off this trade.
It seems that the bottom TL of the expanding triangle served as a very important level as prices bounced right off of it! So in any future rise in prices, will need to keep on eye on that TL. I will be doing a re-analysis on this pair over the weekend to see what is happening though. Now, will sit on my hands unless something jumps out at me.
any update on this? i have been waiting long to take position on this.
EverythingForex
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If I have any update on this, I would post it if and when I have the time to do so and if I feel like doing so. Please do not wait on me to decide things for yourself. I post MY trades and MY analysis for trader's to hopefully learn from it. Not to give out trade signals! I am not under any obligation nor under any contract to post anything!
Sorry, if my words sound harsh but your statement made me feel as if I am expected to give an update!
srikanthrajjj
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Yeah but i didnt depend on it literally, though waiting for your view on this that is all. all though i appreciate your efforts and analysis. thank you.