Looking to pick up this long at 0.165 (bid working). Target will be 50% of previous move with trailing stops. Internals look pretty good - Willy oversold, previous divergence in MACD. I still think the overall market is f***ed and heading down down down, but maybe get a quick trade in here. Will update if filled.
Trade active:
Bid filled at 0.165. Three high low trailing stop started. Target will be 50% of previous move unless stopped out before. Will keep this thread updated :)
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Trade remains active and trailing stop has moved up. One caveat is that I forgot this weekend was Easter haha, always concerning leaving a trade open over a long weekend. Let's see what happens
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Stop moved up to scratch.
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Watching this trade closely on 15min chart today. Currently hovering around 38.2 retracement of previous move. Any bearish fractals with volume behind them will have me closing this trade and moving on with profits
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Ticking along well. Monday will be another interesting trade day.
Trade closed: target reached:
Bearish shooting star fired on close yesterday.Taken profits and closed the position up 50%. Happy with the trade. Will look for next setup.