The trade opportunity I was waiting for has finally presented itself.The EUR/USD downtrend has finally ended its throwback.I have iodentified the formation of a pipe indicating throwback might be over.This is supported by MACD and stochastics.Trade was thus entered has follows:
Trade direction: short
Stop loss:13550
Target price for exit:13400
Trade size (£ per point) :£1
Target profit: 100pips
Trade was exited for 50 pounds loss and reentered at 13621 with stop loss at 13671.profit target remains the same.
Comment: closed for a loss.
Verdict: No loot.
Trade direction: short
Stop loss:13550
Target price for exit:13400
Potential loss (risk): £50
Actual Entry point: 13500Trade size (£ per point) :£1
Target profit: 100pips
Trade was exited for 50 pounds loss and reentered at 13621 with stop loss at 13671.profit target remains the same.
Comment: closed for a loss.
Verdict: No loot.
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