See an opportunity to join the recently initiated uptrend

looks like it's starting an uptrend after a long downtrend. This trade is a little risky in an attempt to join the trend. Make your risk lower than usual due to the risk of a sideways trend instead. My first target is on the 3:1 mark and then I'll start a mechanical trailing stop, following the possible uptrend until it is finished.

Trade active

First target 3:1 was already reached. Now I started my mechanical trailing stop.

Note

Moved stop loss to 1.59 mark.

Note

Correction above: 1.059 mark.
Now moved stop loss to 1.06040 mark.

Note

Moved stop loss to 1.06310 mark. If I got stopped there this will be a 7.43:1 trade. Very good risk/reward ratio.

Trade closed: target reached

Trade closed for a 7:1+ trade.

mdougllas

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