The beast is really a beast. now, in the downtrend, is near at 61.8 fibo daily around 2.49. will see the evolution. I'm not in the trade I'm waiting it touch the level.
@sherrytradingview, Hi you see in the chart three red line 38.2 61.8 100. My strategy if hit first target close one third of position and put stop loss at brekeven, if go up as i think, place a trailing stop to second step and close half of the remaining lots. cheers if you agree write tanks.
sherrytradingview
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@giovannicanu, Totally agree with you. Very good strategy. Thank you so much! (:
SharkbaitAl
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Our patience paid off and I am now in. I identified this possible bearish Cypher so going to watch that area closely as a potential target and consider switching to shorts. I would be interested in what you think. I would also like to thank you because although I know the importance of being patient I am sometimes tempted to jump in early -- but our correspondence helped me stay the course. Cheers!
giovannicanu
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@SharkbaitAl, my suggestion, i don't consider the short for the bat completion, i need to see the open in 45 mn probably a gap down until 2.7695/2.7575, i hope not , this is a weak probablity but will see in few mn. at this point the bat is very likely. for me obviously.