Market Condition: Uptrend
FBO to the Downside
Possible Scenario: Trend Continuation
Long entry at 1218
FBO to the Downside
Possible Scenario: Trend Continuation
Long entry at 1218
Comment:
Trade triggered
Comment:
Now after the price has confirmed its intention to go higher and now that it has reached the 1:1 Risk:Reward Ratio, It depends on you the strategy that you use in order to manage your position; off course everything is based on your risk tolerance
Comment:
After the price has given some signals of strength, a possible scenario for the trade management could be to trail the Stop Below the 1214 -16 area (Support Area); this in order to reduce our risk exposure and going in accordance with the price Structure
screencast.com/t/kj02F8jUT
screencast.com/t/kj02F8jUT
Comment:
Trailing Stop
Trade closed: stop reached:
Based on the new level of trailing Stop the Trade was stopped out, notwithstanding if you took half of the position when the price reached the 1:1 R:R this trae would have finished with a small gain (scratch)
