I had a triangle formation drawn on a 4 hour chart.

This morning I noticed some momentum while price played back lower into the triangle.

I sold at market with a tight 10 pip take profit. I made sure to keep this ABOVE potential support, to be safe.

Actually the price moved more than 30 pips past my take profit (through the potential resistance.) This WILL happen and profit can be left on the table, which is fine.

At this time the Dollar Index was moving higher towards a potential resistance area

 

 

Made about 6 pips. It ran for about 40.

 

 

This trade resulted in +80 pips (in about a day), and idea generation and planning was a collaboration with The Foreign Exchange Trading Academy.

Based on a little longer term confluence, a order to SELL was fired off when the pair was around a potential resistance area, and a Take Profit was placed. The trade was not managed after that, and the Take Profit was reached.

There was once risk in particular that I had in mind. Another potential (Higher) resistance that the price might try to reach.