Potentially mitigated some of the orders from the higher time frame structure. A potential trade to the short side to liquidate that equal lows. I'm expecting to be triggered before the high impact news from the pound later. Manage risk and the trade accordingly.
Trade active
Was able to enter at 1.87677 via market order with half of the full position. Might treat this as a scalp trade entry as I still do believe it's gonna comeback to the original entry.Trade active
Original entry triggered.Trade active
First position got stopped out. Reentered this trade for a 2nd chance as I have not considered the London open volume during this time ,thus, the tight stoploss. Trade idea is still intact thus the 2nd chance.Trade closed manually
Closed full position at 1.87316 covering the early loss earlier plus with small profit. Didn't want to hold for the pullback given that it's a Friday.
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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.