$100k Challenge - CADCHF Long - E22 T1
Hey all!
Great news for the challenge! I decided to close completely this trade as we approach a daily resistance area. This officially locks down our first winning trade of the journey! :D
As always, find below the notes from my trading journal, enjoy!
During today’s monitoring session, I noticed the market approached the daily resistance area at around 0.6795, as the market moved towards that price zone, the H1 timeframe started showing signs of slowing down as well as the H4 timeframe.
As the trade has been running for over a month and we are at a great risk-to-reward position, I have decided to close out the second half of the trade and monitor if the market breaks up from the resistance area to consider another potential entry on that case rather than keeping the current position open.
Great news for the challenge! I decided to close completely this trade as we approach a daily resistance area. This officially locks down our first winning trade of the journey! :D
As always, find below the notes from my trading journal, enjoy!
During today’s monitoring session, I noticed the market approached the daily resistance area at around 0.6795, as the market moved towards that price zone, the H1 timeframe started showing signs of slowing down as well as the H4 timeframe.
As the trade has been running for over a month and we are at a great risk-to-reward position, I have decided to close out the second half of the trade and monitor if the market breaks up from the resistance area to consider another potential entry on that case rather than keeping the current position open.
