Took a loss and entered a new trade on the same candle

I am currently long on the Cypher. I had to adjust my entry to make it fit my maximum risk. In other words, I moved my entry a few pips down in order to risk no more than 100 pips.

Just keeping you updated

Trade active

Comment:

This has been a painful trade. I adjust my targets, so target 1 is at 136.45. I just want to move my stop to break even, but I can't yet. The market made a higher high higher close, so it would not surprise me to see a retracement before hitting target 1.

We could just go straight down, but let's be optimistic!

Comment:

Stop loss moved to Break even because price came within 2 pips from target 1. Risk-free trade.

Trade closed: stop reached:

Stopped out for break even.