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GBPUSD is making a “Head and shoulder” pattern before it drops. It is breaking the trendline again. Downfall may continue.
Again, stop loss is only 30 pips. you can close the trade as long as it reach more than 30 pips (35 pips, 45 pips, 60 pips, more more). Then you will be a long term winner.
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SELL AUDUSD at 0.7250 SL 7280 TP 7090 (Final)
Exit Strategy rules
Stop loss is only 30 pips. When the profit reach +30 pips, you have to lock the trades. It means you set the SL = Entry Price. Then your trade is risk free after it reach +30 pips profit.
You may close the trades anytime after profit 30 pips. You can close at profit 45, you can close at 60 pips. If you keeps closing the trades.
All closing above +30 pips profit are winners.
If you close with profit only +15 pips, you will be a winner in a short time, but not in the long run.
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Euro is going down during ECB. So Sell EURJPY is a good option.
Entry at 130.40 SL 130.70 and
Take Profit LEvel: 129.77, 128.66, 127.66
EURUSD Sell on Friday. Entry at 1.0748 SL 1.0775. First Target 1.0691. And the second target is let it fly….
