Another trade using the J16 method. This was off the H4 chart. A BEOB off a horizontal level, trendline and 61 fib level (not shown on chart). Risk was again 0.5% off the account, with no fixed profit target.
Very quick trade this one, I was in and out quickly. Didn't even last an hour. I took my profit at the area shown. Just under 1:1 RR.
It may still continue down, but I didn't want to get too greedy. Just happy to take some profit on this one.
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