$100k Challenge - NZDCHF Short - E28 T1 - Trade Update
Hey all!
Got some news for y'all about the challenge! I decided to update the SL on the second half of this trade as the market seems to be getting ready for a correction. As always, here are the notes from the journal, enjoy!
As the market reached the first profit target, I noticed a slowdown on the last bearish push. Given the strong bearish impulse the market made to reach the first profit target, I consider this a potential regular pull-back on the bearish trend. For this reason, I have decided to move the stop loss down to 1ATR above the last broken support area, which can potentially be where the pull-back will head.
Got some news for y'all about the challenge! I decided to update the SL on the second half of this trade as the market seems to be getting ready for a correction. As always, here are the notes from the journal, enjoy!
As the market reached the first profit target, I noticed a slowdown on the last bearish push. Given the strong bearish impulse the market made to reach the first profit target, I consider this a potential regular pull-back on the bearish trend. For this reason, I have decided to move the stop loss down to 1ATR above the last broken support area, which can potentially be where the pull-back will head.
