If my current LONG EURUSD trade manages to hit my TP of 80 pips, I will enter a SHORT at the blue channel high with a target of the intersection between the blue channel low and the yellow line. TP will be 40 pips.
UPDATE: This short is now void.
Still Long for now, may consider getting in again if price touches the bottom blue channel or perhaps raising my TP for my current Long position.
UPDATE: This short is now void.
Still Long for now, may consider getting in again if price touches the bottom blue channel or perhaps raising my TP for my current Long position.