Keep it simple
This is a pure price action play - EUR/GBP Engulfing on weekly - why fight that price action? I am long until .8760!
Wide stop loss for trade due to it being generated from the weekly time frame. Stop loss should be below last week's low. Accumulate lightly at these levels as it could pull back further - or get in now however give yourself the wiggle room.
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Wide stop loss for trade due to it being generated from the weekly time frame. Stop loss should be below last week's low. Accumulate lightly at these levels as it could pull back further - or get in now however give yourself the wiggle room.
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