ok guys ,, nice start for the month after a good EUR long at 1.2550 first TP 1.2590 2nd TP 1.2640 with a total of 130 pips profit on that trade to push our month balance up to positive .
we have AUD.USD short at 8545 with SL 8650 TP open ,
this time i m gonna give everyone a hint and scenarios for this trade ,,, i suspect that this could be the top for the risk as the dollar index tested this critical 84 level or little beyond and rebounded , same for the s&p 500 as it tested the former previous 4th wave and went down ,, this could be a promising trade so as soon as it goes down to test the 8480 level , i might set the SL at 8560 and wait to see how strong it ll rebound from there ,, there is a possibility that it could go to new highs as the momentum on that move up was high so it could turn from a winning trade to a losing one which might upset anyone following this blog.
so i recommend if anyone had more than 1 lot in ,, take half out at 8480 and leave the rest to work ,, if u have only 1 lot or un-splittable position , then its ur choice to take it off at 8480 or to leave it to work ,, for me ,, i m gonna leave it working and if it breaks the 84 level i ll add more.
GL
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