This setup is 100% technical. Nothing else to say expect: purple circle or nothing.
Tip of the day: Get the direction right before trying to tighten your greedy stoploss.
Trade active
Sell limit was triggered and the timing is right. I put an alert @ 131.66 and will move my stoploss to entry price when the market breaches this price. Also, if the market reacts to this level considerably, I will take out 20% of the position size to secure some profits.
Note
Checkpoint #1 was touched. I just moved my stoploss order to my entry price @132,21. This is now a risk free trade. Now waiting for checkpoint #2 to be touched.
Note
No considerable reaction on checkpoint #1, so no partial profit taken. 100% of the position is still running.
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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.