Disclaimer I’m updating this on 7/27/2020
Equities were remaining “Strong” (I put that in quotes because there wasn’t a lot of volatility, but there was upward movement), and USD had recently broken a pretty major support level to new lows. EUR on the other hand, recently broke to new highs and through a major resistance level. This looked great, and when I got to this chart, it was in a nice high-base.
Entry – 1.16295
Price pushed up out of the base, and triggered me into the trade. The plan was to not hold over the weekend, so I planned to close the trade around 4, no matter where it was.
| Entry Order Level |
|---|
| 1.16295 |
| Stop Loss Level |
| 1.1579 |
| Target Level |
| 1.1725 |
Exit – 1.16516
A little before 4:00 — I didn’t want to lose a bunch of pips due to profit-taking just before the Friday close — I closed my trade for a decent 22 pip profit!
