Eur/Usd Update
I did mentioned several scenarios that could Euro play out and we can see that it has broken the resistance zone and going to first target but we have a Demark 9 alert which in a uptrend means to close Long positions so it would be wise to risk free your positions and wait to see what happens next if it breaks above and make pullback to first target we could open another Long position but otherwise it could do a retest to the resistance zone
The strategy behind opening any position is to make sure your win/loss ration is 3/1 i.e TP should be 10% and your stop loss 3%
I suggest you do the same, so if you do 10 trades you only need 3 of them to be successful to gain a profit on your whole trades
The strategy behind opening any position is to make sure your win/loss ration is 3/1 i.e TP should be 10% and your stop loss 3%
I suggest you do the same, so if you do 10 trades you only need 3 of them to be successful to gain a profit on your whole trades
Penafian
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