Entered into a short position 2 days back, shifted stop loss at breakeven and got stopped out thanks to the flash crash that happened a few days ago. Shorting it at previous daily resistance level at 1.71700. Which is also at the top of the daily channel, and it also coincides with the Elliot Wave analysis.
Lets see where this goes!
Lets see where this goes!
Trade closed: target reached:
Missed the entry by a few pips, but the concept and idea was right, heading towards my target of 1.69400. Will update the idea when the target is reached.
Trade closed: target reached:
First take profits has been reached. Will be taking out half my profits and letting the rest roll. Am Looking at 1.63300. That will be a potential 600 pips move.