Looks like the harmonic move is complete and we now have a bullish candle on a retest of the resistance. Second retest also closed lower than first test. Two positions targetting two possible retracements:
Position 1: Stop Loss: 20 Pips, Take Profit 22 Pips
Position 2: Stop Loss: 20 Pips, Take Profit: 47 Pips
Position 1: Stop Loss: 20 Pips, Take Profit 22 Pips
Position 2: Stop Loss: 20 Pips, Take Profit: 47 Pips
Trade active:
Target 1 was reached. However, I moved my targets even further down after seeing how price action reacted after the initial big drop. I've now moved my stop loss to break even as I'm up nearly 20 pips on both positions
Trade closed: target reached:
Target 1 now reached! Target 2 expected at arrow, but stop loss rolled down now to Target 1 in case we get a big retracement
Comment:
New stop loss for position 2 at dotted red line (above previous sd zone
Comment:
There was a retracement which took out my 2nd position, still in profit, about half of my first position. so a 1.5x win