sunnyk
Short

channel break USDNOK

FX:USDNOK   U.S. Dollar/Norwegian Krone
43 6 2
setup ~ channel on 4 hour chart
trigger ~ break of bar lower at edge of channel

entry ~ short 8.32399
stop -568 pips
t1 ~ 568 pips, t2 ~ 1138 pips, t3 ~ 1704 pips
trade closed - break even ....
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still holding full position - couple of thoughts
1 - inside bar coming to completion, heading into 9.00 pm eastern - post that, will expect sharp plunge
2 - will consider taking some profits at 8.3 round nos &/or will move stops to break even on trade
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tough going - price retraces to near entry levels after approaching 500 pips of profits ... my stops are on a pip-to-pip auto trail
distinct possibility that break even is best i may collect here if price doesnt reverse direction soon
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reducing stops to newly formed sph - a re-break below original entry levels should enable a strong punch down ...
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appears as if my entry ordered triggered the spike below ... i got filled and the price moved swiftly against - will be looking to trim this position and re-enter if price action still valid
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entry triggered ...
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