Well mates what we have here is a little short for the night.. looking to grab roughly 150 pips from the short with the pair.. Will wait for price to complete the downward leg of the harmonics, and retrace to the 23.6% Fib to enter short in that zone. Stops in the 50% retracement zone for a max loss of 30 -40 pips.. R/R Ratio at its max is 1:3.75 . Some event risk for the Euro during the London/US session to keep in mind.. Happy trading guys =D
And remember those stops, before you examine potential profit, you must gauge max risk. Trade what you see, not what you believe.
And remember those stops, before you examine potential profit, you must gauge max risk. Trade what you see, not what you believe.