Since I got stopped out on the first position, I decided to reverse because price broke the support point.
4:47 ET – S(5) EUR/USD @ 3670, Stop @ 3685, Target 4 @ 3640, TS1 @ 30 pips.
6:41 ET – Limit hit on 4 @ 3640
6:59 ET – Stop hit on 1 @ 3656
Trade Totals:
+30 X 4 = +120 pips
+14 pips
+134 pips = +$ 13.40
Follow up: I should do this more often! Stop and reverse is a good strategy when price breaks a key point.
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