Fade the breakout with a butterfly short
The pair broke a downtrend channel to the upside, see X. This breakout could turn around at 1.272% of X-A.
Entry: 112.29
Stoploss: 113.42 (113 pips)
Target 1: 110.69 (1:1.42)
Target 2: 109.7 (1:2.29)
Target 3: 106.97 (1:4.71)
If the stoploss is too big, downsize you positions!
The pair broke a downtrend channel to the upside, see X. This breakout could turn around at 1.272% of X-A.
Entry: 112.29
Stoploss: 113.42 (113 pips)
Target 1: 110.69 (1:1.42)
Target 2: 109.7 (1:2.29)
Target 3: 106.97 (1:4.71)
If the stoploss is too big, downsize you positions!
Trade active
Comment:
Target 1 adjusted to 111.24
Comment:
Target 1 hit. Adjust stoploss of the remaining positions to breakeven.
Comment:
Comment:
Target 2 reached @ 110.03. Adjust stoploss to 111.24
Trade closed: target reached:
Target 1, 2, 1 are hit. Nice trade :D