Currently short on touch from top of descending channel, SL set at previous structure high, TP 1 at previous lows and TP 2 at latest channel lows. trailing stops if price hits TP 1
Comment:
TP 1 got hit almost immediately, will now see if TP 2 gets hit as well trailing my stop along the way in case this reverses.
Trade closed: target reached:
Closed the trade a bit early at 38 pips profit, caught more than 90% of the move. More than happy with that & profit target for the week met. and it's barely Wednesday.
Comment:
2 hours for a .5% account growth