Sketchy H4 bat (blue) due to the short BC leg. Extended weekly and daily ATR readings were from previous sessions, and the weekly 3SMA was positive. All reasons for concern.
But there were also many positives as outlined on the chart. M30 and M5 patterns fine tuned the entry and the trade moved immediately into the money.
Trade management was the usual battle between greed and fear. Had to control my greed in order to book 1/3rd at T1 +50 pips. We continued lower, but i'm happy with the decision to reduce overall risk.
From here, ECB, BOE and PBOC rate decisions sent the market crazy, but I escaped unscathed and eventually booked most of the position at T2 around +140 pips.
A small residual (1/8th) position was allowed to run over NFP with a target of 120.00, but I covered on positive momentum post news at +180 pips due to the weekly bullish bat, H4 bat IQM (white) and weekly 3SMA low.
One of my best trades in terms of risk/reward. Happy with the execution and management.
