I see a potential move up here. I opened a trade at 6.75 at the support line, taking profit near the resitance line.
Stoploss at 6.58.
PS: I'm in no way an experienced trader, nor is this investing advice. I't is mainly just for me to keep a record of my charts and review them at a later time.
Stoploss at 6.58.
PS: I'm in no way an experienced trader, nor is this investing advice. I't is mainly just for me to keep a record of my charts and review them at a later time.
Trade active:
trade still active.
I have however decided to upgrade our stop loss to be more in line with the support line. My new stop loss is at 6.76.
I have however decided to upgrade our stop loss to be more in line with the support line. My new stop loss is at 6.76.
Comment:
Stop loss updated to 6.89
Comment:
After reviewing the general market I feel like my portfolio needs to be less invested as I feel like volatility is picking up again and I don't like how the market is trading above pre Covid levels even though we are starting to see more unemployment, more cases etc...
In other words I'm looking to close this position when the market opens with about 5,5% profit. I'll definitely be keeping an eye out on other possible entry moments.
In other words I'm looking to close this position when the market opens with about 5,5% profit. I'll definitely be keeping an eye out on other possible entry moments.
Trade closed manually:
Just an update. This trade was closed like we said we would on the 23/07/2020 with a profit of 4.94%