Triangle formation. Awaits breakout Broken towards down side.
Took the position via option at Spot $104.77 25 days out at strike 102. 2 contract with RRR of 1:2 @ $1.14 and $1.16
TP on both contract 1:2 and not let the trade run @ 100.65
Option sold at both 124% profit ITM. $2.61 n $2.71
Total profit : $3.02
Psycology:
Fear of loss of profit. Did not want to risk it. Mindset wise it has extended quite far, $100 as psycological number. and 4h looking at meeting into resistance. Shall review
Nota
Trade went to 1:3 RRR due to weak market sentiments.
see if 1:4 can be breach
Nota
Solid break took profit 1:2 but it went all the way to 1:4. To trade the setup.
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