Price is still below the 4-hr t line, and is falling below the 15 minute t line as well. I'm looking for price to make a move toward demand, and get in on this long term trend back above both t lines. I'll exit when I see some divergence accompanied by a break of structure.
Price is clearly coming down now, this is a good sign. I put a buy order in @ 1.0525 I want to take profit close to 1.058 and I used a 35 pip stop because the London open is really volatile. I'm only going to risk about 1% on this trade, because I'd like to be able to get back in long, should the 35 pips not be enough. #OPINIONLEADER#
Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.
Leave Your Message Now