Entry: 2998-3000
Stop Loss: 3005 (70 pips risk)
Target 1: 2994 (40 pips gain)
Target 2: 2987 (70 pips gain)
Final Target: 2980 (180 pips gain)
If the trade moved 200+ pips in your favor, that means the price dropped significantly below 2980, possibly towards 2800 or lower.
Key Observations:
1. Risk-Reward Ratio – Your stop loss is very tight (70 pips), but the potential reward is much larger. This is a good R:R setup if volatility supports it.
2. Price Action & Momentum – If price broke below 2980 (your final support zone), it likely had strong selling pressure. Did you trail your stop loss to lock in more profits?
3. Future Considerations – If similar setups occur, consider adjusting stop loss after Target 1 or 2 is hit to secure partial gains.
Would you like help with further trade refinements or identifying similar setups?
Stop Loss: 3005 (70 pips risk)
Target 1: 2994 (40 pips gain)
Target 2: 2987 (70 pips gain)
Final Target: 2980 (180 pips gain)
If the trade moved 200+ pips in your favor, that means the price dropped significantly below 2980, possibly towards 2800 or lower.
Key Observations:
1. Risk-Reward Ratio – Your stop loss is very tight (70 pips), but the potential reward is much larger. This is a good R:R setup if volatility supports it.
2. Price Action & Momentum – If price broke below 2980 (your final support zone), it likely had strong selling pressure. Did you trail your stop loss to lock in more profits?
3. Future Considerations – If similar setups occur, consider adjusting stop loss after Target 1 or 2 is hit to secure partial gains.
Would you like help with further trade refinements or identifying similar setups?
Trade closed: stop reached
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.
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.