EURUSD - Update Jan 23rd #1 Short Trade

Update Jan 23rd
#1 Short Playbook 4H C.3

No Huge Fundamental News

Trade Data: Entry
Entry Price: 1.08842
Exit Take Profit: 1.08162 or 68 Pips
Stop Loss: 1.09242 or 40 Pips

Trade Management

Step 1: Reduce Risk
Once a old low was broken I moved my stop loss to follow the trend.
Reduced Price: 1.09192
Pips : 5 PIPS
Percentage Reduced: 0.05
Open Risk On trade from original: 0.95 %

Take Profit 1:
Take Profit: 1.08826 / Breakeven
Percentage Gain: Trade at breakeven locked in with a stop loss in place


*See Previous Analysis for more trade data*

1. Currently price is moving down with momentum and I am waiting for a higher Probability Trade Entry Scale In or to move my Take Profit for more percentage gain on trade once the lows are broken

2. Waiting for the price action to show its hand.