The trend was down and I entered after a long retracement with a big bearish candle, price broke just above the '00' round number so I decided to look for a quick scalp down to the round number.
The trix indicator was bearish + also showing divergence, along with fractals showing bullishness. Made a quick 13 pips.
I'm also experimenting with a trade management EA that :-
- Closes 1/3 of the position at 10 pips profit.
- Moves the stop loss to BE at 10 pips profit.
- Closes 1/3 of the position at 20 pips profit.
- Target's 40 pips in total for the final 1/3 with the stop at BE.
I'm currently short the EUR/USD as well at the moment as part of a swing strategy, more to come when the trade develops (or gets stopped out).
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