USDMXN Bearish Wedge, good RR, Part 2
This trade is still going pretty well, i took 25% profit at the low and another 25% got hit on a very tight stop which was also a decent profit. The remaining 50% almost got hit at the purple stop loos but since then we dropped again. Now we are at a support zone again, if this breaks i want to increase my position again to 100%. So i will risk the profit i have on my remaining position.
Stop will remain at the purple zone which is around break even of that 100% position. Target remains the same, which is the target of the wedge.
Previous analysis:
Stop will remain at the purple zone which is around break even of that 100% position. Target remains the same, which is the target of the wedge.
Previous analysis:
Comentário:
It looked perfect yesterday and now it is squeezing up. I was almost ready to take my first portion of profit but than it started to move up. I missed that small triangle and the pullback after the breakout. That would have been a spot where i would have been closing half my pos if i would have seen it. Now it simply just letting it run and keeping the stop as it was around BreakEven (BE).
The wedge is still in play here, even if it breaks the purple stop, as long as it stays below the high when i posted the trade. But i am going to keep the stop where it is now.
The wedge is still in play here, even if it breaks the purple stop, as long as it stays below the high when i posted the trade. But i am going to keep the stop where it is now.
Comentário:
Was a nasty move, taking out my stop and dropping just as fast again. At least made a decent profit with the day trade. Up to the next opportunity :)
I am going to take profit on the way down, so i am not waiting for the exact point at the very end.