The pair has broken out of the downtrend and I am expecting it to reach the weekly corrective structure top, from here there is good chance we will break above and gives us a huge trade to the upside once again.
same view :) and in the weekly view it seems that ABC correction has been ended.
piphunters
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nice
themarketzone
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Totally agree. I'm already in this one
piphunters
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good luck
wangbujun
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I am coming!long,good luck to me!
Thet
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I am in now.
piphunters
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good luck
jaxx
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Hi piphunters
what is an example SL for this trade?
Thanks
piphunters
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your SL is dependent on your strategy, risk tolerance, other factors and will be different from person to person so I'd rather not suggest one since I don't know those things about you.
jaxx
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Yes, I can put some SL based on account percentage, but as the idea is based on a chart pattern, I thought that it would be appropriate to use something on the chart as a SL?
Thanks