Entering a sell position based off of a potential 5 wave structure and targeting the previous daily support. A quicker scalp trade, looking to catch downtrend continuation.
1% risk.
Note
Price moved up slightly, added another 1% to position.
Note
Both trades +30 pips profit now. Moving stop loss to break-even.
Note
Took partial profits, the rest stopped at break even.
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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.