Filed under Trading Journal
one comment
It’s found support around the 1.2176 area which is only about 30pips off the year’s low.
I do believe a sharp drop will follow the break of the 1.2140s, so I’ve decided to swing this trade till the end of the week at the latest, best case would be a break happens tomorrow and hits my target. Without the retracements taking me out!
Descriptions on the charts.
Stopped out at breakeven on the remaining half position.
So +20 pips for this trade.
Took another short half position at 1.2287 which got stopped out for -40 pips, so that basically brings me to breakeven for the day.
What a pity, should have taken profit off that 1.2180s support area when I saw it struggling. Moreover, I went out after that till late.
Next time I’ll have to be more careful with leaving profit on the table for extended periods of time in the face of resistance/support.