Short

EURUSD - 1 September

By Syndra

Updated

.

Note

Price hitting my Take Profit Levels around 28.2 pips

Note

It rejects the minor swap zone and making the move to the upside creating a structure on the high area of the ascending channel. The volume is increasing indicate that more participants enter the market. I wanted to see how the market react on my key resistance level before making a re-entry to short.

Trade closed: stop reached

The price is reject my minor swap zone. If I careless, then I might have not secure the profits. The parabolic move is the one that make me close the entry. The parabolic move works well with trailling stop, it have pros and cons. I might lose chance of following the trend but I am also more exposure to more risk. My objectives in trading is to secure my profits between High and Low. Therefore, I need a better understanding on how I should close my entry and where should I place my Take Profits level.
Total: +20 Pips

Syndra

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.