1) Daily trend: down
2) 8-hour chart: price close to previous resistance; oscillator divergence creating a short setup.
3) Oscillator hook down, confirming short setup.
Short trade triggered as this was being written (missed first trigger; did not notice 1st target had already been achieved).
Entry: sell 17,000 @ 1.09373
Initial stop-loss: 1.09680
1st target: 1.09010 (buy 6,000)
2nd target: 1.08117 (buy 6,000)
Trail stop on remaining 5,000
2) 8-hour chart: price close to previous resistance; oscillator divergence creating a short setup.
3) Oscillator hook down, confirming short setup.
Short trade triggered as this was being written (missed first trigger; did not notice 1st target had already been achieved).
Entry: sell 17,000 @ 1.09373
Initial stop-loss: 1.09680
1st target: 1.09010 (buy 6,000)
2nd target: 1.08117 (buy 6,000)
Trail stop on remaining 5,000
Trade active:
Bought 6,000 at 1.0901
Trade active:
ist & 2nd targets achieved; trailing stop-loss moved to 1.09264