After breaking even on this pair yesterday, I revisited it and it still looked to me like it was going to break to the upside. Each of these currency’s baskets were showing largely the same thing they were yesterday, and after pulling back enough to stop me out at break-even, it was heading back up, forming a bull pullback. I decided to set entry orders because I still believed in this pair (also, these were the only 2 currencies that I liked today).
Entry – 0.64384
It’s not super fast moving, so I left my entry order out there all morning. This afternoon, price pushed high enough to trigger me into the trade. Now I’m waiting, following my rules, and hoping to catch some pips!
| Entry Order Level |
|---|
| 0.64384 |
| Stop Loss Level |
| 0.63695 |
| Target Level |
| 0.66 |
Exit – 0.63691
This pushed just high enough to trigger me into the trade, but that was it. It, pretty quickly, reversed back to the downside, eventually stopping me out at 1:30am….
