We’re risk-free 74+ pips floating! Our final TP is over 250+ pips, so we’ve got plenty of room to move.
Our next move, should be a re-test of the broken descending trend line from previous market direction. I’ve set a horizontal line to represent this; where previous support should convert to resistance & reject this trend line. After these two confirmations, we are heading back to the downside to our next key level.
This correlates perfectly with the SXY & DXY (Swiss Index & Dollar Index).
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Past results do not guarantee future performance. Trade at your own risk, this is an opinion and not a sole guarantee.
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I am placing a:
SELL LIMIT @ 0.98240 (Re-Entry, Stacked on Entry) X Stop Loss: 0.98400 Same Take Profit: 0.96195
@AlwaysCollectingEarningsACE, I moved my SL higher. Which anyone who regularly trades, should have done. It’s a perfect position — and is in the right direction now. Risk management.
AlwaysCollectingEarningsACE
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@dtheceo, yes i was patiently waiting on it to break 98000 yesterday. Dollar has gained some strength before the interest rate cuts.