EURUSD [Pending Short Entry#2]
Updated
Short Setup
- Addon entry for previous short![EURUSD [Pending Short]](https://s3.tradingview.com/t/ttDkbrp5_mid.png)
- Sell Stop (Pending order)
- I see this is a spike out on higher timeframe of a strong resistance neck level
Setup
- Entry: 1.12821
- Stop: 1.13002
- TP1: 1.12122
- TP2: 1.10937 (Same as entry#1)
- Addon entry for previous short
- Sell Stop (Pending order)
- I see this is a spike out on higher timeframe of a strong resistance neck level
Setup
- Entry: 1.12821
- Stop: 1.13002
- TP1: 1.12122
- TP2: 1.10937 (Same as entry#1)
Note
Full analysis:Note
Updated with correct levels:Note
Money management tips:When this trade is activated, move the previous trade 2nd position stop to the same stop as this trade.
To milk the market, I would use the profit from entry#1 second position to this trade risk amount.
E.g. If stop moved my previous trade profit is $20, I will use $10 per position for this trade.
This is how to really accelerated profit when the trade works out.
Order cancelled
Trade cancel
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