Seeing this pair is clearly bearish, I will be looking to short at the break of daily low if Stocastic gives me confirmation to short.
Depending your strategy, stop could be place above last swing high, x pips above the breaking candle or using ATR or 113 Fib Extension of last swing high
Target at previous structure for a nice ride down for a potential 400-450 pips profit with great risk to reward ratio
Depending your strategy, stop could be place above last swing high, x pips above the breaking candle or using ATR or 113 Fib Extension of last swing high
Target at previous structure for a nice ride down for a potential 400-450 pips profit with great risk to reward ratio
Trade active:
Shorted the pair last night at break of structure.
When checking this morning, price has moved more than the size of my stop so I could move it to BE.
Now in a free risk trade waiting for price to hit my target @109.80
When checking this morning, price has moved more than the size of my stop so I could move it to BE.
Now in a free risk trade waiting for price to hit my target @109.80
Trade closed: stop reached:
Huge bullish spike hit my trailed stop, but got out with some profit (far from the planned profit at target though but better than a loss)