My pending short was finally triggered this afternoon. At the moment price is meandering around support as you'd sort of expect. The last half dozen bars have formed a descending triangle so I feel it's only a matter of time before the bulls are defeated. As always, anything can happen.
I decided to move my TP much further along to 0.86150, a little short of the next support level. Because this is such a large R:R ratio, I've put in a trailing stop loss of around 75 pips.
I decided to move my TP much further along to 0.86150, a little short of the next support level. Because this is such a large R:R ratio, I've put in a trailing stop loss of around 75 pips.
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