FX:EURUSD Euro Fx/U.S. Dollar
I am now LONG on this pair by way of the completed and now with confirming PA in lower TF having now setup a POTENTIAL pattern. However, I don't intend to trade the completion as this is a !5M which I don't trade on the 15M TF. But I am using the as a confirming signal to go LONG. Likewise, I will be using the crab's X point as my stop on this trade. Yes, the stop is very tight so as to minimize the loss. I am doing it this way because the stops on the is pretty large (+90 pips) and I wanted to cut down on that. Should prices go down more and invalidate this , then I will be out and waiting for another signal.
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