Just take a look on this chart. Price bounced from Key Weekly Level, it's are so powerful on FX Market. At this moment you have a chance to open a deal with R:R — 1:6 or bigger. Because, price come to key buy zone. From which price could move up 300 – 400 pips.
Open Long near: 1.3332 S/L: 1.3298 1T/P: 1.3538 2T/P: 1.3646
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Price still near a key buy level 1.3343. It is good opportunity to open long-term buy. Stop we should put under key level 1.3310. If the price will break down 1.3310 and D1 close under it, that will be a signal for short.
Daily Chart:
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Price moved up first 70 pips.
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125 pips done. Price is moving with big strength into our direction
If the price will break up 1.3490 we can move S/L into breakiwen
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Price moved up 175 pips
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Price moved 250pips into our derection
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I moved S/L to 1.3440. I hold the position because price bounced from weekly level. Most of the times it gives 400 - 500 pips.
In this situation, my strategy is to shift my S/L up after the price.