Oversold, Holding on Daily Pivot + Fib level 50%, Our target from here is 1.347, Will Stop Loss if price reach under1.339.
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Stop loss can be placed below 1.339, you can take profit at 1.347 at FIB 50%
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Our target is 1.347 ( around +50 Pip)
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Testing The fibonacci 50% again
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Our stop Loss If reached would be below 1.339 ( -20 PIP)
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My original Plan was shorting GU, as you can see in my previous post, but I am looking for a correction here, this trade will remain active during the news.
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Price is trying to break the daily pivot and this 50% fibo level Let's see
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Extending Stop loss to let the chart Breath during the news, use logical stop losses, and manage your risk % and balance.
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Daily Pivot is Broken, you can stop loss now ( -13 pip)
Trade active
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Holding position
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With same target
Trade active
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1.3394 supposed to hold, if not we will reach 1.337
Trade active
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Hold!
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If you Closed your buy trade, you have another chance to buy again, of course with good money management.
Order cancelled
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This correction will take it's time and will happen next week, closed trade.