251013 - 12:40 UTC
Reason for Trade:
Looking for medium term trade, about a week. Strong bullish pressure building towards secure resistance zone @ 1,6250
Entry:
I would like to see the price move at least 1 x ATR above R zone about 30 pips. So, will buy @ 1,6280.
Exit:
Take profit is set, optimistically, @ 1,6477
Assuming the R zone will become a Support zone, I will exit if price reverses 20 pips below S/R zone @1,6229.
Other: I am going to resist making adjustments to news releases. I want to see if my trade can look after itself.
Reason for Trade:
Looking for medium term trade, about a week. Strong bullish pressure building towards secure resistance zone @ 1,6250
Entry:
I would like to see the price move at least 1 x ATR above R zone about 30 pips. So, will buy @ 1,6280.
Exit:
Take profit is set, optimistically, @ 1,6477
Assuming the R zone will become a Support zone, I will exit if price reverses 20 pips below S/R zone @1,6229.
Other: I am going to resist making adjustments to news releases. I want to see if my trade can look after itself.