Price has been in a downtrend and is now in a descending wedge pattern.
Entered at 1.45993
Stop loss set at 1.46921
Take profit 1 at the 50% retracement and previous minor structure: 1.45066
Take profit 2 near the extreme of previous structure: 1.43616
If TP 1 is hit I will roll stop loss to break even for a risk free trade.
Entered at 1.45993
Stop loss set at 1.46921
Take profit 1 at the 50% retracement and previous minor structure: 1.45066
Take profit 2 near the extreme of previous structure: 1.43616
If TP 1 is hit I will roll stop loss to break even for a risk free trade.
Trade closed manually:
Closed half position at 382 retracement (mismanaged the trade as I was meant to leave it to the 50% retracement) for a small profit
Trade closed: stop reached:
Stop loss rolled to breakeven and was stopped out overnight