I went short at 158.89 as the price dipped below round number 159.00 and the lower trendline was already penetrated on the lower time frames. Initial stop loss was placed at 159.82, which is 20 pips above the swing high (159.62).
The risk for this trade is 92 pips, while the target profit is still undecided yet. Will trail the SL manually once the trade is in green.
Below is the hourly chart as of 10 pm:
The risk for this trade is 92 pips, while the target profit is still undecided yet. Will trail the SL manually once the trade is in green.
Below is the hourly chart as of 10 pm:
UPDATE:
- 1.32 am - choppy price action - decided to close at +21
0 comments:
Post a Comment
You are welcome to post comments. However, please do not use Anonymous as your ID. At least, put in your initials for easy reference in further conversations.