Before we analyse the setup, realize its aggressive entry purely based on trendlines n price action. If you are aggressive trader and your trade plan aligns with this, then short Eurusd, else just watch how it works out. We won't be millionare in single trade, so no harm in watching aggressive setups but we will surely lose some dollars if it fails :)
Happy Trading ! Feel free to leave your opinion...
Yes, I also did plan this one. But I failed again. This time not with loss, but $3.4 profit or so... Yes, keeping emotions in place is still a hard! :D
KoalaBear
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When you see it going from $ 13 to $ 3.4 that is. Better than seeing -$ 20 to -$ 200, the more common situation.. Without stop loss, stupid.
InsiderB
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Actually when we enter an trade we decide this will be our risk & this will be reward. In above post, we decided that 32 pips will be our risk which means I'm ready to lose that 32 pips and I can manage that loss. So why we should make an early exit when we have already decided that 32pips is my max. risk ?
Even now in the current scenario (EURUSD), we can move our stops below our entry making it as breakeven which means No risk. Always keep stoploss and never change your stop or target unless you are changing it to breakeven.