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Thread: EURUSD Long

  1. #1
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    Default EURUSD Long

    Buy @ 1.3500
    TP @ 1.3550
    SL @ 1.3450

    With G20 next week, EURUSD is likely to be range bound and trendless, bouncing between support at 1.34xx and resistance at 1.37xx

    HOWEVER, trendless markets have a habit of not necessarily bouncing all the way between support and resistance off each peak/valley.

    So I am recommending tight targets. No more than 30 to 50 points after a peak/valley has formed. This is a market to get in after a peak/valley forms around support/resistance ... and get out FAST.

    Take profits quickly and don't try to "ride out" a trend because there likely will not be a trend till after G20 next week.

  2. #2
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    Default

    Quote Originally Posted by PipDoctor View Post
    This is a market to get in after a peak/valley forms around support/resistance ... and get out FAST.

    Take profits quickly and don't try to "ride out" a trend because there likely will not be a trend till after G20 next week.
    One thing real fast ... make sure that a peak actually is a peak and a valley actually is a valley. If you take a look at the entry point I'm recommending for EURUSD over on the signals board, it is higher than the peaks that have been set over the last several hours of sideways trading.

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    Default

    Yea it's fast easy profit,thank you.
    but I think it's risky.

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