Got stopped out on a trailing stop @1.12619. That's why it's ALWAYS important to have an exit plan, folks. Unfortunately, prices did not continue rising to get the TP2. But having protected my winnings by using a trailing stop, I still managed to bag +92 pips off this trade.
It seems that the bottom TL of the expanding triangle served as a very important level as prices bounced right off of it! So in any future rise in prices, will need to keep on eye on that TL. I will be doing a re-analysis on this pair over the weekend to see what is happening though. Now, will sit on my hands unless something jumps out at me.
It seems that the bottom TL of the expanding triangle served as a very important level as prices bounced right off of it! So in any future rise in prices, will need to keep on eye on that TL. I will be doing a re-analysis on this pair over the weekend to see what is happening though. Now, will sit on my hands unless something jumps out at me.
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