EURUSD Long (1hr chart)
Updated
Reasons for entry long:
1. We may experience a retracement on the EURUSD during German Prelim GDP or USD CPI reports.
2. I have identified a good level of latent orders which should provide considerable price action once hit.
3. Considerable room to go up to target.
Money management rules:
A. Risk no more that 1% of account on the trade
B. 1/2 off at 2:1 (normally I would take 1/2 at 1:1 but this has room to go)
C. 1/2 off at target
1. We may experience a retracement on the EURUSD during German Prelim GDP or USD CPI reports.
2. I have identified a good level of latent orders which should provide considerable price action once hit.
3. Considerable room to go up to target.
Money management rules:
A. Risk no more that 1% of account on the trade
B. 1/2 off at 2:1 (normally I would take 1/2 at 1:1 but this has room to go)
C. 1/2 off at target
Order cancelled
1) Traders front ran the latent orders.2) Projected targets were achieved & exceeded.
Trade cancelled due to optimum entry not achieved.
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