Price fell because of Italy politics but I don't think the news is enough to have a bigger impact on EURUSD.
I don't usually try to catch falling knifes but here I have a clear and tight stop, so that a small trade doesn't hurt if it goes bad but is very rewarding in case it goes our way.
I have confidence in this trade because I can count 5 waves down in this wave C, meaning it ended + divergence started to build. Trade Setup :
Long Entry : now or on trend line or MA break Stop : 1.1429 Target 1 : 1.185 Target 2 : 1.210
Trade closed: stop reached
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Stop reached. Because of good risk control, we lost only 20pips, wich is nothing compared to all that has been won before in this pair.