We experienced a quick penetration into the demand zone to fetch some additional buy orders, including ours, before resuming the upward trajectory toward higher price levels. To safeguard against potential market selling pressure, we strategically placed a sell stop order at 1.26318. This serves as a hedge to effectively limit our potential drawdown to 50% of the account's available free margin.
Trade closed manually
Closed the trade earlier today at 1.29895 with a profit.
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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.