SELL Trade Triggerd Moving As Expected :)

As per my previous post I explained to you that we would likely see a move above 1.09 area where we had a newly formed Weekly SUPPLY/SELL zone from the current move down.

This area has got respected and as per my previous post I would take a position if my TRFX indicator give a higher time frame signal we got that on the 8hr chart around 1.092 and the position is moving nicely.

How I will manage this position will be once price reaches 1.08 I will cut 50% of my position and move my STOP LOSS down towards the entry price maybe a little above it.

And contine to trail the position down towards the 1.04 area bottom of the MONTHLY range lets see how we go :)


Check the related post to understand the reasons behind the position