Trade Setup: -As in the above picture its a congested area and price is failing to make new highs -Number of patterns are detectable -On the 15min chart there is a Double Top -Trendline Break -Meausured Move
Trade Management -2 Trades entered @ 0.7275 -Stop Loss for both @ 0.7309 -Target Profit 1 @ 0.72211 Fib level 1.618 of measured move -Target Proft 2 @ 0.72000 Fib Level 2.0 of measured move -Move SL to Break Even after 1st TP hit
Lets see what happens...
A note about the previous two trades on this pair (both linked below) I think my stop was a bit too tight on the previous trade and the one before that my entry was not too great
Trade active
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Trade still active
In loss at the moment
Stop Loss is in place... wait and see....
Trade active
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Trade is still active - fluctuating between loss and profit Price has made new lowers though since the trade was opened
Trade active
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Will be leaving trade opened over the weekend... Analysing for any gap risk in a short while
Trade active
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1st Target Reached Stop moved to BE
Trade closed: target reached
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Half trade closed at 1st target other half hit B/E stop loss