This trade setup and original trigger were discussed here:
The second trigger did not come as planned, and price gapped up initially. We do not generally chase after price by taking the trade at market when this happens, so the strategy was to await the pullback to the high of the pin bar, which fortunately occurred a few candles later.
Price then began an ascent that wiped out previous losses and moved this trade setup into profitable territory. Scale-out points have already been passed by now, and all that is left is to see how far a trailing stop might go. It is approaching a level of resistance, but as the FKLI is not being traded today, we shall have to look to world equity markets for guidance on what the likely short term future direction will be.
Head Trader Consultant