It's a quite good R/R on this Neckline resistancet in my opinion while the Risk is not that much but the Reward quite okay and possible.
The Volume Profile suggests the Resistance is good defended.
Not that great with words, so i make an update to form my thoughts on this properly.
The Volume Profile suggests the Resistance is good defended.
Not that great with words, so i make an update to form my thoughts on this properly.
Comment:
once position moves in favour of 25+pips moving SL to 5pips Profit if triggered looking for a reentry at the same price or higher. The Trade should be still good if that happens.
Order cancelled:
SL at favoured position triggered - looking for a new entry
Trade active:
- the new Entry got filled TP and SL should remain the same
Trade closed: stop reached:
The stop got reached