Probably now would be a good time to tighten stops to, say 25 pips and wait for an opportunity to add to the trade (off a pull back). No targets set for this trade yet, could be days.
Gone to a better place
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DislikedHere is a chart showing an up to date position. Don't forget we are using the hourly chart to get into a daily position, and hope to follow the price down the channel.
Attachment
The yellow box is to highlight the consolidation area. This area should now act as good resistance, almost like a wall. If the price drifts up through here we should think about closing even if it would be a small loss, but it's unlikely, especially as there are no red news releases in the near distance.
So that's how traders predict price. This might...Ignored
DislikedI use a magic tea cup with Himalayan tea leaves to decide on buying or selling.Ignored
DislikedHow to know when to enter long or short? I don't know how to predict price and always betting. Thank youIgnored
Disliked{quote} Nobody knows where the market will move...predicting price is uselessIgnored
Disliked{quote} Really, now??? I beg to differ as I do it here... http://www.forexfactory.com/showthread.php?t=359093 -CJ-Ignored