Quote:
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Originally Posted by Pirate
Following the 2485 breakout of the EUR/USD, as well as the climb through the 2500 major barrier, I've taken a long out as follows:
EUR/USD
Long
Enter: 2503
Stop:2435
Exit:2690
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Comments welcome...
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Hi Pirate,
A possible scenario (post #6 in my thread) but on the other hand pair made more than 300 pips move in two days and would most probably in any scenario retrace (if not reverse) for consolidation before going up. So a dangerous trade I'd say.
If price fells below 1.2460/50 (fib @ 1.2445/40 )it will most certainly travel to next stop @ around 1.2420/10 thus taking your stop.
keep up a good work.
ID