| Entry Order Level | Stop Loss Level | Target Level |
|---|---|---|
| 1.80873 | 1.818 | 1.7878 |
On the daily chart, this hasn’t shown a serious trend in either direction for a while. The last 6/7 days were down, though, and this had the largest movement after the GBP GDP announcement. If the news causes this pair to break through support, the next major level of support is right around it’s 61.8% fib level, which is a great R/R with a stop right around the resistance level of the base. I set entry orders, so here’s to hoping they’re triggered.
Entry
I set my entry order at around 4 – 4:30 in the morning, and around 6:45 it was triggered. I’m going to wait until price reaches 1R and then begin following the SAR with my stop-loss
Exit – 1.81801
Clearly, my analysis was wrong. It moved in my favor only slightly, and then aroun 9:30, had a large up-move that stopped me out..
