KAVA finally broke the resistance and now is showing some nice movement. I waited carefully for retrace and I am ready to enter in the range of 1.4-1.45 Once big concern is whether BTC is about to correct or now. Anyway my SL below 1.35 is for that reason.
It already retraced near the entry point ~1.4 EUR.
SL below 1.35 Target 1.7-2 EUR
Good luck with trading!
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So far it is going good. We have formed higher low which will eventually lead to higher high. I would say that we can move the SL to 1.4-1.45 or the second option is to lock some profits now - 20-30%. I personally will move my SL a bit higher.
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Target 1 reached - 1.7+ It is a good zone to lock at least 50% of the position. I closed some too. Target 2 is 2 EUR but BTC is at very specific zone so better decide which is the best SL for your risk.
Trade closed: target reached
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I closed my trade and finished with a decent win. My second portion triggered my SL at around 1.45
Overall I catch the move from 1.4 to 1.73 EUR Second portion exit at 1.45
I will monitor closely the next opportunity with KAVA.
So did the SL went off? Just touched the 1.35 I thought.
stell_s1
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@dewinterthomas, It was very close. My SL was set at 1.34. My entry was at 1.398. BTC seems like it is going to correct and for that reason this trade may fail.