Entered the trade on Friday and put my stop loss at breakeven going into the weekend.
I expect for my target to be hit next week considering the strong bearish reaction however, the worst case scenario is for the trade to break even since the stop loss is now at the entry price.
This is my first trade of the year so January is off to a decent start and hopefully this trade will bank some profit next week.
The risk to reward is 2.25.
I will update the trade next week when I exit the trade.
Hopefully you like the post and I would appreciate support by liking or commenting on the idea!
I expect for my target to be hit next week considering the strong bearish reaction however, the worst case scenario is for the trade to break even since the stop loss is now at the entry price.
This is my first trade of the year so January is off to a decent start and hopefully this trade will bank some profit next week.
The risk to reward is 2.25.
I will update the trade next week when I exit the trade.
Hopefully you like the post and I would appreciate support by liking or commenting on the idea!
Trade closed: target reached:
Reached my 2.25 R target!