Expecting price to complete leg (c) of the correction (looking at an a-b-c zig-zag correction) which should see it finish in the area between the 0.618 - 0.786 fibonacci retracement of the most recent impulse.
Upon completion I will then be looking to go long and buy all the way up until the 1.1811 as a target.
Stay tuned as I will be posting exactly when I will be entering.
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
Upon completion I will then be looking to go long and buy all the way up until the 1.1811 as a target.
Stay tuned as I will be posting exactly when I will be entering.
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
評論:
starting the day moving lower which is what we want to see..
