27/10/2020 - Trade 1: GJ Sell @ 30min/1hr Support Break
Took the GJ trade based on the 30min and 1hr breaking a support level.
My entry was as the current 30min candle broke the low of the previous 30min candle. The entry was a little late as the ideal entry would have been when the 1hr candle also closed below support (although it was a little weak).
Unfortunately, I didn't get the push I would have liked to secure 10pips, and price stalled twice just before the point we'd I'd move stops to breakeven so I decided to manually move stop to BE. They eventually got hit, which was a good decision in hindsight.
This is a good example of how id like to manage my trades. Trailing stop on 30 and 15min candle highs until my 8pip auto breakeven trigger.
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