our previous idea: hit the first TP💦 hence confirmation enabling us to get a second entry for the second trade.
Reasons for taking this trade: Our first tp was a very sensitive price level hence after hitting that price we have receeived confirmation for continuation by: 1hr candlestick is a bullish engulfing candlestick hence that is good. We are close to London (2 mins approx) open hence volume will be available. You see the blue line? price level - 1.44088 Price did not close below that area. That is good
Trade type glossary: Trade type AAA - Very good Trade type BBB - Good Trade type CCC -🧐
I usually use trade types to determine the amount of risk to use: In AAA - 1, 1.5 and 2% In BBB - 0.5% IN CCC - 0.25%