I think UCAD is warming up to the idea of a strong potential up move, however I will set my first target to the rectangle as shown on the chart. Once we hit this level I will put stops in profit and take some off, then re evaluate the position for more potential upside. I have 1 open position 1 position pending if the UCad makes another move down.
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Long stop below the bottom here. Last chance lookiing for a whip
I am surprised you took a position before NFP, sorry for this mate, I am sure you will make up for this.
Art-of-FX
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@Gino, I am actually long UCAD again from a lower area now. I normally dont trade the news but didnt expect US news to be so bad. Fortunately UZAR is more than making up for the 68 pips lost during the news:) Ill put another ucad chart up later today. Still should have the same target as well.
Art-of-FX
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@Gino, this is why i was long and got long again after the stop :)