Target for 70 pips
Order cancelled:
Closed trade in profit, I believe the first impulse came at 1.25060, retrace to 1.25060, I believe I luckily caught the B wave of the corrective wave
Trade closed manually:
I closed manually
Comment:
I'm pretty sure I was right from the start, should've just stayed in the trade from the start
Comment:
I definitely overthought this trade
Comment:
still closed in profit so that's good
Comment:
Wave 3-4; Corrective wave; note taken.
Comment:
(For my journal) I overthought this trade waaaay too much, my SL should be below the Point (2) Higher Low. Where price had hit my SL would be the Point (4) of the Elliot wave as during the 3-4 wave, price tends to correct itself or consolidate before continuation of trend.