USD was still steadily pushing up and was basing — looked poised for a breakout. EUR on the other hand didn’t look great, but had pushed down quite a bit and was sitting on some support. When I got to this pair, it was starting a high base on the hourly chart and the 15 min. chart was showing a pretty clear bull pullback. I ran the numbers and my R:R was 2, so I pulled the trigger.
Entry – 1.17493
| Entry Order Level |
|---|
| 1.17493 |
| Stop Loss Level |
| 1.1775 |
| Target Level |
| 1.17 |
Exit – 1.1775
After triggering my entry, price pretty much went straight up for the next few hours and stopped me out for a loss.
