Reference on Daily Trading conditions: Range
Entry on 4H As price currently at resistance, waited for entry trigger and that came in the form of TL + ST-SMA break.
Will shift to breakeven when price reaches LT-SMA or TL.
[Trade 33A] 0.5% capital risked for potentially 6.5R
Entry: 0.5781 | Stop loss: 0.5816 | Target Profit: 0.5552
[Trade 33B] 0.5% capital risked for potentially 3.6R
Entry: 0.577 | Stop loss: 0.583 | Target Profit: 0.5552
Psychology and emotions – Currently overtrading. But I think this followed a proper plan.
Price has reached the LT trend line/150SMA area. Stops shifted to break even.
Stopped out. Result: Break even. (or 11 point gain to be exact)