Ready, Set, Trade: Are We On the Road to 168??

Hey there, quick update on this setup. Like I mentioned in the initial analysis post earlier, I was waiting for a signal from the TRFX indicator, looking at anything from 4hr to 12hr.

Well, it just gave the go-ahead on the 8hr mark after we saw a quick rise earlier - looks like we had a stop hunt.

I've put my stop loss a bit above 178 and I'm keeping my eyes on the prize at the 168 area. As this pair starts moving our way, I'll be closing parts of it and dragging the stop loss behind.

First thing's first, I'm looking to close about half of the position once we hit the 172.5 area and move the stop loss to the entry price. Hope this one helps you rack up some good pips

Trade closed: stop reached:

Pair got stopped out this morning. I still think a big sell off is on the cards I am waiting for a rentry towards 139