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More bulls until next resistance, careful setup with buy stop
British Pound / Japanese Yen
Long
More bulls until next resistance, careful setup with buy stop
By martenus.prince
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Updated
Apr 17, 2018
1
Apr 17, 2018
Speculation on more bull continuation, but careful about it, so I placed a buy stop order instead of immediatelly entering the market.
Apr 17, 2018
Order cancelled
The long position is invalidated in my scenario, I am entering a reverse position.
Apr 17, 2018
Trade active
I'd had a sell stop order setup as well and I entered the position, details in the attached image.
Apr 18, 2018
Trade closed: stop reached
The triggered sell stop has now also reached its SL.
Apr 18, 2018
Note
If you didn't hit SL the price is now going in the proper downward direction and heading to profits.
I might have made a mistake of too tight SL.
Trend Analysis
martenus.prince
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