DislikedLong at 231.83
SL 231.50
TP 234.36 or lower for anybody else
I am leaving this trade on without watching . besides it is on DEMO.
EGIgnored
Too bad I got stopped out on this. My SL was too tight. Anyway, that is what happens when I need to leave a trade. This pair needs a much wider SL.
I normally have my SL at 600 for this pair. But I was testing a smaller SL for today's trade specially becaue I was not watching it.
Anyway, Looks like this is going to continue UP with the 4hr stochastics still pointing UP. but the lower TF Stochs are already at the overbought level.
Should the lower stochs come down again to oversold levels while the 4hr stochs is still pointing up and above the 50 Level, then I will place a long trade then.
First target will be 233.36 which is teh 100% C=A for a zigzag ABC as wave 2. This is still within the valid endpoint to validate my wave 2 retrace count. And valid up to 233.60.... Beyond this level, this count is invalidated.
EG