I am looking for a retracement into previous highs as a primary target and the 61.8 as a secondary target.
The stop loss is defined by a 1:1 R:R for the primary target and the reasoning that when the weekend gap is closed the trade is invalid as this is one of the reasons for entry.
If targets are not reached before the NFP, I will close this trade before the news is released and take whatever pips the market has given me up to that moment.
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