Disclaimer I’m updating this on 4/10, I can’t remember exactly where my mindset was
In their baskets, GBP was strong and sitting at a level of resistance, while EUR was weak and sitting at some support. I wanted to play the breakout on either currency.
Entry – 0.87505
This triggered at 4:00 am, so I’m assuming my analysis was from the 1st. Both currencies were up against their respective support/resistance levels, so I liked what I saw and left the entry order open overnight, which is (obviously) when it filled.
| Entry Order Level |
|---|
| 0.87505 |
| Stop Loss Level |
| 0.8792 |
| Target Level |
| 0.8654 |
Exit – 0.87923
After triggering my entry, price based for a while, only pushing slightly in my favor before getting a lot of strength over the course of one hour and stopping me out for a loss.
