forker
Long

EURUSD D - I don't like this one, but i "have to" take it.

FX:EURUSD   Euro Fx/U.S. Dollar
Here we can see price in context of a Fork & A/R set.

I really don't like to go long here, because my stomache is crunching when i go long here...
But it's not about my stomache, or my feelings, or my big toe's nail.

It's all about numbers = statistics, risk, reward, occurences etc...
And most of all, i know price is reaching the centerline over 80% of time.

Soooo....if i really want to follow a profitable longterm trading startegy, i HAVE to take this trade, and i took it, even my big toe's nail's now broken §8-)

P!

Learn To Earn with Action/Reaction (free4you): http://mytradingcoach.teachable.com/
Comment: ...riding smoothly on a camel §8-)
Nothing to do...
Comment: One day more - One high more...boring §8-)
Comment: We know that such sharp moves are not sustainable for long.
Where is potential support?
Here is my guess:

snapshot


Why do i think price has potential to hold there?
...it's allways comming back to the scene of the crime, as my mentor allways said ;-)
This would be a decent exit. Holding until the target?
Reply
Support zone is spot on...if a test holds, we can add to longs (or even enter there)
Reply
forker PRO IvanLabrie
Exactly.
Stop should be @ B/E now, or for more riskier/confident traders a couple ticks behind the last low.
Reply
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