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Bullish flag pattern, supported by good jobs report. USD weaker.
Rallied to 127.2% of the measured move, expecting the normal retracement to 100%.
Long from 0.81725 or 0.8173, targeting 0.8245 with stops near the lows of the bullish break out bar.
Rallied to 127.2% of the measured move, expecting the normal retracement to 100%.
Long from 0.81725 or 0.8173, targeting 0.8245 with stops near the lows of the bullish break out bar.
Comments
It took me one year (6 hour/day) to draw and find channels with lots of mistakes :-)
1. Move stops to the low created by the spike, maintaining the target
2. Move stops to break even and raise target to 0.84
or
3. Just let the trade be as it is and get a good night's sleep