Controlling TL since Feb 10th
Techonomic Trading Strategies has been looking for an area to short (scalp) the Euro. We shorted (@1.10755) after the second failed retest on the hour chart of a controlling TL that has been in place since Feb. 10th. In such volatile markets it's a double edge sword to have a such a tight stop @1.11020. However, during such volatile times, preservation of capital with tighter stops is a must in order to trade again another day.
Note
Downside objective hit @ 1.10275 UTC 10:45 position closed.Note
Controlling TL takes back control
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.