Buy above 132.38. Stop loss at 131.99. Take profit at 133.15. Reason for the trading strategy (technically): Price has plummeted down to our profit target perfectly from our selling area. We prepare to buy above 132.32 support (Fibonacci retracement, horizontal overlap support) for a corrective bounce to at least 133.15 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic (55,3,1) is seeing strong support above 2.1% where we expect a bounce off too.
@Lord1, thanks for the feedback lol. Yeah it's ridiculous when it loses but when it makes money then it's awesome. I hope you'll be around to cheer me on when I hit profit targets as much as you're around when I get stopped out lol.
Lord1
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Oh my god please stop posting. You post a buy setup in a correction to the downside looool please stop xD and these ratios risk to reward pleaaaase it hurts
Revolu7ionFx
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@Lord1, lol who are you though? he's good although this wasn't a good set up
MEX_Exchange
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@vangoyan7, he's the Lord, and His commandments is for authors to stop posting because it upsets the balance in his universe.
MEX_Exchange
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@Lord1, do you always go around and asking people to stop posting their ideas? lol. And what kinda R:R do you like? 1:100? lol
chefprofits
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I think it will still bounce up before the biggest fall yet. It already dropped 250 pips last 24 hours. Bankers are still enjoying all their profits. Will bounce up next week that's my idea.