Price has made a new low and my limit order at 75.75 has NOT been hit.
The low on the chart is 75.732 therefore the order was missed by 3.2 pips. (This is beacuse of the 5 pips spread)
The chart was oversold on all the short term time frames.
Therefore on seeing price bounce just shy of my limit order, I decided to push the stop down to lock in 4% profit (180 pips).
The stop has been hit and I have been taken out of the trade for a profit of 4%.
Chart below
I am looking for the next strategy trade and I will update again once it has been identified.
Hope you have a good evening
Best Regards
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