watching price action carefully as failed to create new high, potential H&S
Stop moved, looking for a further move or change in direction to exit trade
Trade moving along nicely - stop moved, locked in some profit
Entry wasnt hit so trade - not taken BUT methodology worked in principle......
Circle showing entry, price has made a new high so Stop moved to just below Entry
Nice and simple set up, price hit 38.2% daily fib, trend line, 4 hourly double bottom price had created a new higher high broken previous down trend - potential start of a new uptrend good R;R
Nice trade working out - helped out by NFP - not ideal to have a trade running during NFP at the best of times but 50/50 chance it goes in your favour........ Sold on the break of a corrective structure on a much larger down move
TRADE WHAT YOU THINK - JUST WAITING FOR PRICE ACTION FOR POTENTIAL ENTRY - AWARE OF TREND LINE BREAK THIS TIME TO MAY NOT GO AS PREVIOUS....... ALSO, PREPARING SHORT BIAS SHOULD S&R NOT HOLD