Yesterday, we saw our EURGBP short position hitting the stop loss for less than one pip and going down, hitting our take profit at the bottom of the downchannel just like we planned.
Today, the price is offering a second chance to trade the same chart pattern, so we try to enter again with a favorable risk to reward ratio.
Today, the price is offering a second chance to trade the same chart pattern, so we try to enter again with a favorable risk to reward ratio.
Note
If the price has a strong retracement going up, I will consider moving the stop loss by 2 pips to avoid the same mistake I made yesterday :)Trade closed: stop reached
Stop loss reached!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Find out more at itstradingtime.com/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.