Found a nice sell trade today, 01/29/2016, on the EUR/USD cross. The reason this trade was so appealing to me was because of the strong touches on the green line. Moreover, the pivot point (R2) met well with the trend line. I usually enter a trade like this for an easy 40 pips. In this case 47 pips.
EUR/USD – Trend Trade
This trade closed for a profit about 9 hours later. I adjusted the take profit (t/p) a little from R1 on the original pivots (same column as the x and check mark) to the P on the new ones (right column).
Share your thoughts.