This was my short entry right after the US NFP announcement on Friday last week. I just let the price hit my SL.
I was playing with a smaller TF by using the Stochastic indicator as my entry signal. When the K was near the 50 level, I put up a short entry. The trend went as I expected, but it came short to my target profit of 20 pips. Measuring the dip it was just 15 pips away from my entry.
Next time when I try to trade a short TF, I should monitor the progress until it show a signal of reversal.
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