After Head and shoulders. Neck line breaks and it will come all the way towards blue zone. I advice you to Go long from Blue zone as there are three reasons.
1- Head and shoulder move end on the same area. 2- stoch is in over sold area. 3. strong support.
Trade ist aktiv
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enter wisely !! best of luck
Kommentar
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If you missed the entry, you can still enter now best time is here
Kommentar
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In 70 pips profit , but i am still holding it till my target , Short term traders can book their pips and long term can hold more
Kommentar
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Just touched about 100 pips this morning but I am still holding personally !
Hi Sir,
Yes so far have done very nicely out of this trade, thank you so much. When you say book the first profit, do you mean to close that trade and take out a new trade to the next target area??
Or open a new trade and have two trades going?
Thank you in Advance. Anthony
Daniel-Malik
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Book profit means to move SL to a certain part of your profit and let the trade run. if it reverses, it at least gives you the profit you booked.
viran108
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Do you move the SL to BE?
thanks
Daniel-Malik
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depend on you , Please trade according to your own trading plan, AS I just shared an idea here !
viran108
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I moved it to yesterday,s low.
thanks
j.collison
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do you think it could potentially use the 102.70 ish mark as a resistance looking at the left shoulder?
Daniel-Malik
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yeah its a potential resistence zone but it may bypass it eventually
j.collison
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great analysis by the way
zhivankin
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The structure is still valid, only the 28 Trillion JPY stimulus might change the game.