following on from the momentum at 10:00 am, I am estimating the trade will continue to the lower support levels as seen on the chart. Stochastic is crossing the 50range confirming a downtrend and still in the momentum range. 5 & 8 SMA are crossed confirming reversal.
Trade active:
Cost averaging this trade for the overnight session and I am not confident in it anymore.
I have placed a trade 1.5X the size of the original trade at 106.195 and moved both TPs to 105.873
I have placed a trade 1.5X the size of the original trade at 106.195 and moved both TPs to 105.873
Trade closed manually:
This has been a longwinded trade.
The cost averaging worked as I was able to exit the trade before the weekend with a small profit.
The cost averaging worked as I was able to exit the trade before the weekend with a small profit.