If it aint broke dont fix it
I like it when TL's break rather than bounce.
Reason: it is more profitable because stops and trails get taken out in the process
Reason: it is more profitable because stops and trails get taken out in the process
Trade active
TP1 and TP2 have been acheived and amazingly enough stops did not get hit, I usually move stops to BE after tp1 but I totally forgot about this trade and looked at my phone and it was still open lol :D. TP3(152.00, I did not specify this price point) has also been hit which I did not expect so soon.We will now open two orders, both shorts...one will be above current price and one will be below.
152.00 is a strong historical support but we see on higher TF that it is clearly in downtrend. Stay tuned for more.
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