weekly chart... adding hourly chart in comments. looking on lower timeframes for entry below the fib line around 137
possible 'catching the knife trade' so starting smaal and looking to build every 25 pips
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rsi and macd almost drowning on H1, but end of month day and friday as well, carefull does it
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first position LONG 136,70
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moving stop loss on the first position to breakeven
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putting second position @ 137,04 at BE
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Last and fifth position is in averageing longs at 1,37258 putting all sl's on that breakeven + 3 pips free trade as of now looking for a "set and forget" trade, with no risk but potentially no profit
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I was stopped out overnight, only to see it take off again to the upside indeed a set and forget trade but my stops were too close in this case one for my learning books
Market is fucked up seriously with these trade wars and shit ....... btw what's ur view on GJ
for potential long term target
JokesOnMe
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@BorislavGotsev, i'm trying to get in on a longer term position here, no hurry to take a big position so starting small and build if possible while adjusting sl's along the way....
no specific target just a feeling this was exhaustion of the current drop, but i would look at 50% and 38% level
my trading style is primarily avoiding big losses
for potential long term target