1) Daily trend: downtrend beginning in the middle of December, 2015; consolidation since Jan. 7, 2016.
2) 8-hour chart: price has reached a potential resistance area, with oscillator divergence confirming a short setup.
3) 2-hour chart: bearish engulfing candle following the high on 2016/01/14
I missed the trigger, and now I'm waiting for price to break back below the bearish engulfing candle.
Entry: sell 11,000 @ 128.171
Initial stop-loss: 128.760
1st target: 127.314 (buy 4,000)
2nd target: 126.307 (buy 4,000)
Trail stop on remaining 3,000
2) 8-hour chart: price has reached a potential resistance area, with oscillator divergence confirming a short setup.
3) 2-hour chart: bearish engulfing candle following the high on 2016/01/14
I missed the trigger, and now I'm waiting for price to break back below the bearish engulfing candle.
Entry: sell 11,000 @ 128.171
Initial stop-loss: 128.760
1st target: 127.314 (buy 4,000)
2nd target: 126.307 (buy 4,000)
Trail stop on remaining 3,000
Trade active:
Stop-loss moved to 128.286
2nd target moved to 126.453
2nd target moved to 126.453
Trade active:
Stop-loss moved to 128.251
Trade closed: stop reached:
Starting balance: $4,543.55
Gross P/L: - 7.46
Commission: - 0.88
Roll credit: + 0.06
Net P/L: - 8.28
Ending balance: $4,535.27 ( - 0.182%; + 0.784% YTD)
MAE: 26.7 pips (0.454R)
MFE: 81.4 pips (1.384R)
Gross P/L: - 7.46
Commission: - 0.88
Roll credit: + 0.06
Net P/L: - 8.28
Ending balance: $4,535.27 ( - 0.182%; + 0.784% YTD)
MAE: 26.7 pips (0.454R)
MFE: 81.4 pips (1.384R)