GBPUSD, 2023-02-27
Updated
1h POI Entry at descending support line
-- This is a riskier trade because of the possible effects of current News, but when is that not the case.
-- 2nd Order Position defines my 2R Breakeven point to move my stop.
Notes on the CBO:
-- Skipped the CBO.
-- The approach to the CBO was concerning. It traded nearly to line (prior to News) then consolidated (clearer on LTF) for a bit.
-- This is a riskier trade because of the possible effects of current News, but when is that not the case.
-- 2nd Order Position defines my 2R Breakeven point to move my stop.
Notes on the CBO:
-- Skipped the CBO.
-- The approach to the CBO was concerning. It traded nearly to line (prior to News) then consolidated (clearer on LTF) for a bit.
Trade closed: stop reached
After being saved by 1 pip, it churned around a bit to finally tag me out at my stop.
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