EurUsd
1. MACD gave signal end of 8:00 to 12:00 candle at 1.3133
2. Stoploss = above resistance = trendline = 50+ pips or 1.3200 = +70
3. Target1 = 1.3100 = 33 pips
4. Target 2 = 21 EMA1.3067 = 66 pips
Action.
If you want to take the trade on to make R:R worth it it must go to target 2 and stoploss +70. If you have done that you would still be in the trade.
I never use stop above 48 pips.
Skip for the time being my action
I took the trade after the 16:00 candle at 1.3145 and stoploss 1.3173 with first target 1.2320. Risking 28pips of yesterdays 60+ gain. There money not mine. It is also a risky one as it havent test the longtermtrend at 1.3180
Update
Price reached 1.3125. Set stoploss to breakeven. Reason for that is that the price have not tested the upper trendline. I have at least a free ride should it turn against me. If it goes my way i will take some profit around 1.3100
1. MACD gave signal end of 8:00 to 12:00 candle at 1.3133
2. Stoploss = above resistance = trendline = 50+ pips or 1.3200 = +70
3. Target1 = 1.3100 = 33 pips
4. Target 2 = 21 EMA1.3067 = 66 pips
Action.
If you want to take the trade on to make R:R worth it it must go to target 2 and stoploss +70. If you have done that you would still be in the trade.
I never use stop above 48 pips.
Skip for the time being my action
I took the trade after the 16:00 candle at 1.3145 and stoploss 1.3173 with first target 1.2320. Risking 28pips of yesterdays 60+ gain. There money not mine. It is also a risky one as it havent test the longtermtrend at 1.3180
Update
Price reached 1.3125. Set stoploss to breakeven. Reason for that is that the price have not tested the upper trendline. I have at least a free ride should it turn against me. If it goes my way i will take some profit around 1.3100