Long trend, bounced from the trend line, retested the S/R zone, which matches with the fibo 78,6 level.
Entered on M1
No trendline, so after +1R, move SL to BE,
Partial around 1.132, 1.336
Entered on M1
No trendline, so after +1R, move SL to BE,
Partial around 1.132, 1.336
Comment:
the price turned before the fib 50 level, so no partial, but moved +2R, so SL is at BE, the price is near my entry, we'll see, we're risk free
Trade closed: stop reached:
Stop reached at BE, then as you can see, the price reached our first 2 TP.
I was agressive with the SL, because no TL as confirmation (that's why I love using more before an entry)
(I've re-entered, but be very careful with that, do not overtrade!)
I was agressive with the SL, because no TL as confirmation (that's why I love using more before an entry)
(I've re-entered, but be very careful with that, do not overtrade!)