Planning to initiate long position on this pair between the 38% and 50% retracement area. This price area is HTF support and the trade direction is also in line with the fundamental. Essentially buying a dip in the up trend!!!! My stop will be 30pips and my take profit will be 100pips
Comments
joey.polk.12
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Stop Loss hit for a -1% loss.
evgeny.yurchenko
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doesn't look good now
joey.polk.12
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yes that's trading...... You never know what will happen next.
But proper risk management protects you when you wrong.