Lndfx1001
Long

EURUSD early call but looking like good setup

FX:EURUSD   Euro / U.S. Dollar
early call
Tough to call at the moment but based on 1D there are more probabilities to fill the gap lower:

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The 4 hour candle at midnight was clear indication of how weak the buyers were. I would have sold just a couple pips over the high of that candle, but wasn't awake to update. However it was an early call, I have posted another Eurusd for target potential for short
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What's your stop loss
+1 Reply
Lndfx1001 SifisoNdala
@SifisoNdala, I did not take a long position on this. There weren't any sign of buyers entering or rejection on the red line. If you go on the one hour chart at midnight, you can see sellers gathering for breakout
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Lndfx1001 SifisoNdala
@SifisoNdala, however, after the midnight candle closed. I can see easy 10 pip stop loss with easy 70 pip target. 1:7. I'll update this later showing you how this is possible
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