EUR/USD – Getting a reversal signal on my trade, so I’m moving the stopless

My trade is up 160 pips, and yesterday a reversal signal formed when a LWC  bounced off a lower S&R zone.

I only risked 135 pips, so I’m over my 2% gain on this trade, but there’s a LOT of room left until the price hits the lower trendline, so I’m just going to move my stop to a 1:1 risk:reward ratio then let it run, just in case it drops further.

I’m moving my stop to 1.1129.



By |2016-10-21T21:02:43-06:00February 16th, 2016|EURUSD, Phil's Forex Blog|0 Comments