1. Market moves lower into 0.70017 for a buy
Long : 0.70017
Stop : 0.69832
Target : 0.71520
R/R: 18.5/150.3 pips (1:8)
2. Adding another position if price breaks and close above 0.70286. I see this as a break in market structure.
Long: 0.70286
Stop: 0.6982
Target: 0.7150
R/R: 46.6/121.4 pips (1:3)
Market moves in your favor, take some position out and trail stops.
Long : 0.70017
Stop : 0.69832
Target : 0.71520
R/R: 18.5/150.3 pips (1:8)
2. Adding another position if price breaks and close above 0.70286. I see this as a break in market structure.
Long: 0.70286
Stop: 0.6982
Target: 0.7150
R/R: 46.6/121.4 pips (1:3)
Market moves in your favor, take some position out and trail stops.
Comment:
Break and close above 0.70286, anticipating an expansion higher