I recently went long on this pair with an entry @ 1.03118 with 2 positions. Sold one at TP2. Looking to re-enter and go long at the pullback around 1.04360. I expect some degree of consolidation before resuming its rally again.
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Good hedge for intraday
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Trade the breakout of flag pattern
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Horizontal levels drawn as guide
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Buy limit on chart
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Buy limit @ 1.05090 filled
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SL for 2nd position moved to b/e (1.05090)
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This pair has rallied again - creating a new swing high
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TP1 target reached @ 1.06130
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moved SL to 1.05570
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Added another position @ 1.60000
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*1.06000
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Positions @ entry
1. 1.03118 TS @ 1.05090 (198 pips)
2. 1.05090 (stopped at b/e) (0)
3. re-entered @ 1.05143 TS @ 1.05761 (62 pips)
4. 1.06000 TS @ 1.05761 (-25 pips)
1. 1.03118 TS @ 1.05090 (198 pips)
2. 1.05090 (stopped at b/e) (0)
3. re-entered @ 1.05143 TS @ 1.05761 (62 pips)
4. 1.06000 TS @ 1.05761 (-25 pips)
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Closed trade @ 1.05953
1.03118 (283 pips)
1.05143 (78 pips)
1.06000 (-7 pips)
354 pips
1.03118 (283 pips)
1.05143 (78 pips)
1.06000 (-7 pips)
354 pips
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