This is a trade I initiated just moments ago. Shorted at 122.06 with 5 pip stop loss and setting the first profit target at 121.550 (Friday's close).
I'll be closing 60% at first profit target and 20% at 121.100, current day's low.
Should the first profit target miss (it's truly a long-shot), I'll be closing 60% when a 5-min candlestick prints a new high, after moving 20 pips downwards. Of course, stop loss will be moving to break-even point.
I'll be closing 60% at first profit target and 20% at 121.100, current day's low.
Should the first profit target miss (it's truly a long-shot), I'll be closing 60% when a 5-min candlestick prints a new high, after moving 20 pips downwards. Of course, stop loss will be moving to break-even point.