S.o.T Chartoff - May - week 1 - LTCEUR

1. Broke 4HR valley
2. Broke DAILY valley
3. Broke downtrend
4. 1st touch rejection of next 1HR level
5. Pullback to newly formed uptrend
6. Entry at 65,29
7. Target is next 1HR level: 70,15
8. Stop set at 1% below entry, which is also loss of local 1HR uptrend

Trade active:

Comment:

So it dropped further as I expected and triggered my 1% stop. However,
I also noticed the bounce on the 1HR uptrend, so decided to give it another go and took entry on 64,18. Target still intact and 1% stop.

Trade active:

After re-entry, price came close to stop but did not trigger, trade is for now playing out according to plan.

Trade closed: target reached:

wow! target reached, trade closed for 9,26% profits