As you can see from my previous analysis, I have posted 2 potential short entries. I did not take the first entry coz as you all know, Theresa May was making an announcement and GBP reacted to it with high bullish momentum. The price went through my first sell zone and now it stopped at the second one.
My second order was triggered and now I have changed my profit target for half of my position and the stop loss for all my entries is now set to breakeven point because I do not want a winning trade to turn into a losing one.
My second order was triggered and now I have changed my profit target for half of my position and the stop loss for all my entries is now set to breakeven point because I do not want a winning trade to turn into a losing one.
Comment:
Seems like putting stop loss at breakeven point was the right thing to do.
