Pair is at the bottom above the 50 sma
Price can move up to the 100 sma
Long trade
Buy Stop @ .6800
Long Take Profit @ .6858
You place SL
Price can break below 50 sma
Short trade
Sell Stop @ .6773
Sell Take Profit @ .6691
You place SL
Price can move up to the 100 sma
Long trade
Buy Stop @ .6800
Long Take Profit @ .6858
You place SL
Price can break below 50 sma
Short trade
Sell Stop @ .6773
Sell Take Profit @ .6691
You place SL
Note
Looks like price is headed towards the 100 sma. Price went about half way and returned to 50 sma and then went up
Note
You can keep the opriginal TP or adjust it to the current location of the 100 sma.Note
I closed out.Don't want to risk the gap on Sunday open.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.