EURUSD [Pending Short Entry#2]

Short Setup
- 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

tradingfrog

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EURUSD [Pending Short]

by tradingfrog

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