You can wait for the price action to come down to the green dotted line before taking a long position. If it breaks down from the dotted line, this trade setup is OFF.
I expect Euro dollars to gain momentum and the US dollars continue to head south.
As usual, please DYODD
I expect Euro dollars to gain momentum and the US dollars continue to head south.
As usual, please DYODD
Note
interestingly, some people who decided not to follow rule and took the trade earlier and got stopped out. I have reiterated the importance of following the rules. Don't lose away your capital unnecessarily.......Trade closed: stop reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.