I had a similar trade posted yesterday, but exited at break even as I believe that price still has some more room to move. Reasoning behind this is that the DXY looks like it is about to take a nice sell off.
There is a great level of resistance at 1.285 which has been respected multiple times.
I have a limit order set:
Entry: 1.28486
Stop: 1.28825
Profit: 1.26356
Risking 1.5% looking for 9% on a 1:6 RR. Will look to take partials along the way and take risk of the table if I am tapped in and the trade goes my way.
There is a great level of resistance at 1.285 which has been respected multiple times.
I have a limit order set:
Entry: 1.28486
Stop: 1.28825
Profit: 1.26356
Risking 1.5% looking for 9% on a 1:6 RR. Will look to take partials along the way and take risk of the table if I am tapped in and the trade goes my way.
Trade active
Note
Tapped in.Trade closed: stop reached
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.
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.