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possible long setup
this trade got activated before I decided to cancel :D However after thinking of the possibility, I think it may well worth the risk
The Risk - it broke previous bottom line around 1.1706 and decided to move lower
Possibility - it is still within the reach for a bounce, and the mighty Asian market may drive it considering it had already had a tough day dripping blood.
SL: hard to decide , can be just a few pips below the today's low, but I set it at 1.1681 to allow a few more stops at previous lows
TP: Fib based, don't expect it to go high, but market is full of possibility...
RISKY. Better to look at GBPUSD pull back which has higher chance
GL.
The Risk - it broke previous bottom line around 1.1706 and decided to move lower
Possibility - it is still within the reach for a bounce, and the mighty Asian market may drive it considering it had already had a tough day dripping blood.
SL: hard to decide , can be just a few pips below the today's low, but I set it at 1.1681 to allow a few more stops at previous lows
TP: Fib based, don't expect it to go high, but market is full of possibility...
RISKY. Better to look at GBPUSD pull back which has higher chance
GL.
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