just for study purposes this is my expected pair movement based on what is doing currently.
Kommentera:
based on my analysis now at around 1.1800 level is a very good place to board the plane for takeoff toward 1.2000+ area. Stop should be around 1.1700 and we have RR ratio of 2 vs. 1
Kommentera:
still not going ... patience, once it moves it will go so fast you will miss most of it. I am in aready
Kommentera:
it went much deeper than expected but still keeping the setup active. Stop was put at 1.17 which proved to be safe enough to to take off the trade. lets see now how far can we go
Kommentera:
I moved my stop to 1600 since there is Fed this week and spikes are possible. And I moved my target as well to 2040. The position is not large therefore I can move stops otherwise this I should not do, ever. I will post my observations on the possible movement of eurusd in the next chart