Price dropped a bit lower before the candle closed but the trade is still valid once the pitchforks were adjusted.
Profit targets are the at each fork on the pitchforks and SL is trailed each time a target is reached.
Profit targets are the at each fork on the pitchforks and SL is trailed each time a target is reached.
Trade active
Entry: 0.73348Profit Target 1: 0.7350
SL: 0.73193
RR: ~1:1
Note
Price appears to be respecting the red pitchfork. Moving SL to a few pips below the last low to limit loss overnight.Note
Price tested the initial low and there is a lot of downward pressure. The low must hold for the trade to stay valid.Trade closed: stop reached
Price moved lower overnight and reached the new SL and potentially the original SL. A reentry could have been made based on the new candles had I been awake.
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Related publications
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.