Trade Setup:
-Measured move from retest of major support / resistance level
-No particular pattern found
-Trendline break
Note: The ideal point to enter thsi trade would have been the break of the trendline as mentioned on the chart
I have decided to enter on the basis of the long wick candle (with the arrow above it)
Trade Management:
- 2 Limit order placed at 100.300
- 2 Target profits ; 1 @ 99.78 Fib Level 1.618 of trendline s/r measured move ;
2nd @ 99.440 Fib Level 2.0 of trendline measured move although I am open to trailing it further down to the 99.20 level
- Same SL for both trades
- Once first TP hit ; SL for second position will go to Break Even
Lets see what happens...
-Measured move from retest of major support / resistance level
-No particular pattern found
-Trendline break
Note: The ideal point to enter thsi trade would have been the break of the trendline as mentioned on the chart
I have decided to enter on the basis of the long wick candle (with the arrow above it)
Trade Management:
- 2 Limit order placed at 100.300
- 2 Target profits ; 1 @ 99.78 Fib Level 1.618 of trendline s/r measured move ;
2nd @ 99.440 Fib Level 2.0 of trendline measured move although I am open to trailing it further down to the 99.20 level
- Same SL for both trades
- Once first TP hit ; SL for second position will go to Break Even
Lets see what happens...
Сделка закрыта: достигнута тейк-профит цена:
Trade closed as planned in the trade management
-1st Target hit
-2nd Trade SL moved to B/E
-2nd Trade SL
Overall some nice profit
-1st Target hit
-2nd Trade SL moved to B/E
-2nd Trade SL
Overall some nice profit