Dear Forextik,
The price movement gives the opportunity. The next action is for traders to define their entry. I felt that several options come to my mind. option 1 is to enter around 1.056, and Stop Loss at 1.059. option 2 is what you suggested. I have not yet determined the Target Profit. I favor big trend and follow market. I prepare to lose 30 - 50 pips to gain downswing.
The price movement gives the opportunity. The next action is for traders to define their entry. I felt that several options come to my mind. option 1 is to enter around 1.056, and Stop Loss at 1.059. option 2 is what you suggested. I have not yet determined the Target Profit. I favor big trend and follow market. I prepare to lose 30 - 50 pips to gain downswing.
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