FX_IDC:USDKRW   U.S. Dollar / South Korean
840 4 4
Massive move if breaks out
What stop would you use?
If the stop is massive too...not so good.
I think it started to break already.
Reply
pantheo IvanLabrie
Stop should be below previous swing low at 1157, so roughly it's 1/4 RR for a long term play to PO. Not gonna buy the breakout unless close clearly above. Momo divergence is worrying now and maybe USD is due for a pull back from 99. 95 area. Prefer to buy the possible pull back to previous demand zone around 1117 area if there, which makes R/R even better.
Reply
Cool, yeah that makes sense.
Cheers!
Reply
pantheo IvanLabrie
Cheers:-)
Reply
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