The price action seems to favor the long side.
I am long at 1.4964 looking for 1.54
My stop is at 1.4825
The R/R is ~ 3/1
With intelligent estimations, we can work to get the rough order of magnitude right, understand the consequences if we’re wrong, and always be sure to never fool ourselves after the fact.
That sums up my approach.
Any comments appreciated.
I closed this manually because of the Italian vote on Sunday. I do not hold trades, much less losing trades into a major event when I cannot get out of a position.
I finished the week with 2 trades, 1 win 1 loss for a net gain of 46 pips.