Down trend. Price close to the upper band. Overbought indicator. Targets adjusted for the upcoming anouncment of the non-farm payrolls..! (0.021% risk)
Comment:
15 min Bearish engulfing pattern formed. ovebought indicator. the announcment came up and we didnt have that much volatility in the S&P 500 so maybe I will adjust the targets again. I may add to the position to form a higher r/r trade.
Comment:
I readjusted the targets and added some more with total risk 0.016% maximum= 0.05% Although the trend has swifted upwards, 2-3 hours after the announcement the trend was still down. Thats why I added. Now until the trend swift again we i am not adding.
Comment:
In the second position I set the profit target to 2.2 r/r