Well that was a nice start to the day. Came online about 15-20 mins ago and looked at the cable and the EURUSD and saw a potential trade on the EURUSD.
Looking for a 1:1 AB=CD completion and price was stalled out at C. Bar by bar told me that price was looking to move to the upside and I took entry after a bullish candle. SL was below structure (15 pips) and the TP was set to 20 pips (this is just what I normally put in to start the trade and then see what price does and decide if I want to move it).
Price jumped just after I placed the trade and moved up to hit my TP pretty quick. I left the TP at the 20 pips as it was at a level that price found resistance before so was happy to take it there.
Some may say it was a lucky trade but you have to be in it to win it Plus there is always an element of luck in everything whether sports or business but again you put yourself in a position to get a lucky break, sit on the sidelines and you will never be lucky.
Looking for a 1:1 AB=CD completion and price was stalled out at C. Bar by bar told me that price was looking to move to the upside and I took entry after a bullish candle. SL was below structure (15 pips) and the TP was set to 20 pips (this is just what I normally put in to start the trade and then see what price does and decide if I want to move it).
Price jumped just after I placed the trade and moved up to hit my TP pretty quick. I left the TP at the 20 pips as it was at a level that price found resistance before so was happy to take it there.
Some may say it was a lucky trade but you have to be in it to win it Plus there is always an element of luck in everything whether sports or business but again you put yourself in a position to get a lucky break, sit on the sidelines and you will never be lucky.