Price has taken out previous days low and broken 5 minute market structure with displacement. Have set a buy limit order at 0.60090. Should price not retrace to that price then no trade will be taken. Take profit set at 50% retracement level on fib.
ملاحظة
Buy Limit order has been activated at 0.60008. I have however lowered my stop loss to 0.59783 as I felt stop was a bit tight.
ملاحظة
first comment correction. Buy limit was set at 0.60008 not 0.60090.
ملاحظة
As the stop loss was lowered to 0.59783 earlier, the trade is still active. As this pair is in consolidation I will take partial profits at 10 pips profit to lower risk (0.60108). Taking partials can make or break a trader.
ملاحظة
2/3 of trade was closed at 10 pip profit. 1/3 left on to see if it will reach for TP.
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