hi phaneroboy, what is your prediction for today and where to put safe SL for LONG positions?
phaneroboy
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Hi trandom, i personally put my sl at 8490 just above my entry point. Consider the fact that i already took 1/2 position from the market at 8685 area, so i am already locking profits.
I don't know what will be the price action of today, but my plan is to buy a good 3 wave down for at least another push up to 9100 area. (i took a small long already risk free, but i will probably be kicked out soon charts.mql5.com/5/994/ger30-h1-forex-capital-markets.png) Best r/r entry level is the 50% back from 8350 to highs that in this moment comes at 8620 area. SL can be placed or under the 61.8 line or under the 8350 low (depend on you mm strategy)
this is my view, and of course i can be wrong...