Moving as expected, watch for break, stop loss should be below wave 2.
Place stop at break even if you entered as described. I target 1.36 for risk/reward of 12/1 with 2% risk. Stop is at break even and I will be looking to add after a consolidation. (this was we can build this position to target 50% return on capital) The levels are not written in stone so we adjust when needed but this was my original plan and so far so good.
I'm not sure what consolidation you are referring to. But in general it is certainly possible, however I'm only looking for buy trades at the moment. Only if we see a bearish acceleration followed by a consolidation I will sell the continuation.
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