Locked in more profit on EU as we approach the bottom of the consolidation box & the BRN & the monthly HCR.
I must say, I found it much easier to manage this trade with Jarroos Levels.
It prevented me from moving the SL too soon and too close, gave it room to breath and allowed me to move the SL to logical areas that should act as support as price approached a possible reversal area.
EDIT: If you look at the H4 chart, we can see no candle has been able to close below this area just above the SL. SO, I have decided that if we get an H4 close below this consolidation, it will probably break down and can take me out anytime it likes. Strikes me that, the exit of a trade is equally as important as the entry.
We can not thank Jarroo enough for what he is showing us.
I must say, I found it much easier to manage this trade with Jarroos Levels.
It prevented me from moving the SL too soon and too close, gave it room to breath and allowed me to move the SL to logical areas that should act as support as price approached a possible reversal area.
EDIT: If you look at the H4 chart, we can see no candle has been able to close below this area just above the SL. SO, I have decided that if we get an H4 close below this consolidation, it will probably break down and can take me out anytime it likes. Strikes me that, the exit of a trade is equally as important as the entry.
We can not thank Jarroo enough for what he is showing us.