DislikedHi Satni,
I made a mistake maybe but I am news trader. I didnt check properly the chart perhaps and thats what i wanted to improve. My profit target was .2760. And I am risking at 100pips. SL is .2605. I manage to change it before i fell asleep.
Jus afraid the gap will be too huge over this weekend. Lets say if the price on Monday started at .2500 for example, will i lost another 100pips? or it will follow my SL?Ignored
Your SL at 1.2605 is a fair location, at current close of 1.2641.(maybe ur broker is different price.)
And i understand your fear above a gap opening on monday, but let's hope not..
As you can clearly see from my chart below, the worst possible NoRmal downside
risk only FiRst at 1.2547 before the next meaningful bounce. (barring no major bank robbery in EU..lol).
However, if things got bad then 1.2480/34 would be the next downside target.
Btw the EU is now in its wave 4 phase of Major downtrend, so can expect some irratic moves (up or down,
some complex corrective wave mode and so on), medium term target around 1.28 or better.
http://img690.imageshack.us/img690/9832/eurisk.gif