I've marked the daily pivot level which I will be waiting for the bearish reaction if the price reaches there. The bearish reaction is either a) Bearish Engulfing Candle b) Dark Cloud Cover anything few pips above or below the daily pivot. The target would be the weekly range low.
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@thuymoon, Kindly read again my trading plan post.
"The bearish reaction is either a) Bearish Engulfing Candle b) Dark Cloud Cover anything few pips above or below the daily pivot . The target would be the weekly range low. "
thuymoon
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@sufiansaid,
Oh... sorry.. i saw it.. :)
Target 160 or 162, bro?
sufiansaid
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@thuymoon, 162. I risk 1% for this trade. If you going to take this trade, I advice you to NOT overleverage, Risk no more than what you are willing to risk (1-2% is a nice gauge). Its a probability game.
thuymoon
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@sufiansaid,
Yeap. Tks for it,
Im shorting eu at 163x last week, so hope it return 162 today :)
sufiansaid
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@thuymoon, 163x last week? You had 100 pips stop loss? If you are still in a trade, your stop loss would have been huge. ;)
thuymoon
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@sufiansaid,
Im long eu later, Tp at 171 and now waiting return 162x closed
thuymoon
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So, should short Eu at 168, target 162, right?
sufiansaid
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@thuymoon, "if the price reaches there. The bearish reaction is either a) Bearish Engulfing Candle b) Dark Cloud Cover anything few pips above or below the daily pivot ." It could be below 1.168 or above 1.168. target according to the daily range projection. 1.16200 is a nice level