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Nina, can we more closely discuss position's exit?
To take live example: Right now we are on short from 2579, how do you suggest to exit ? I thought about taking profit at L3 target (2551) but I didnt cause i thought we might break it on good housing news. My stoploss is on breakeven right now.
Nina, can we more closely discuss position's exit?
To take live example: Right now we are on short from 2579, how do you suggest to exit ? I thought about taking profit at L3 target (2551) but I didnt cause i thought we might break it on good housing news. My stoploss is on breakeven right now.
How do you react in such situations?
Half world are waiting the same. Half world are waiting EURUSD to break with fury 1.2551. Half world.
If you can scale, the best thing to do is to close some once it hit 1.2551 and now, as we have news, protect yourself at b/e. Or if you have enough money, just place a stop of 34/40 pips. The point here is: how much did you made if you had closed some?
How much could you lose if your stop is being hit? Result?
Look, if it breaks clearly 1.2551, eurusd could go to 1.2529 - 1.2513 - 1.2489 ...... so, a nice shot. But you can have very bad US data and see how eurusd goes up as a rocket. Who knows? This market is not an easy one. Take care.
To the upside, eurusd needs to break 1.2594 and then 1.2637 and hold above in order to go to its last highs.
Boston, June 20.
EUR/USD dipped to 1.2540 in the wake of surprisingly firm US housing data.
Starts actually rose 5% last month despite 11-year lows in sentiment among
builders. Tough to figure, but the anecdotal evidence has not jibed well with
government data for sometime. Central bank buying interest is seen on dips,
making the downside a dicey proposition near-term. Barriers are seen at 1.2525
and 1.2500; offers toward 1.2595/1.2600.
Linear Mode
