Well if my analysis is correct, i think we are trading in the 4th wave, it's pretty choppy isn't it :p. Anyways, let's come to the point. I expect it to go down, as the 5th wave should go south technically.
So technically she's a short, but the question== how much leverage do you use?
well i like the safe side 12% risk per trade, so i can use upto 200pips as SL,
Plan A (if you expect NFP number to be bad)
Sell @ market
SL @ 1.3300
TP @ 1.2900
Plan B (if your not sure about the actual and want to be on the safe side with 12% risk of trade)
Sell @ 1.3300
SL @ 1.3500
TP @ 1.3100
Good luck :)
So technically she's a short, but the question== how much leverage do you use?
well i like the safe side 12% risk per trade, so i can use upto 200pips as SL,
Plan A (if you expect NFP number to be bad)
Sell @ market
SL @ 1.3300
TP @ 1.2900
Plan B (if your not sure about the actual and want to be on the safe side with 12% risk of trade)
Sell @ 1.3300
SL @ 1.3500
TP @ 1.3100
Good luck :)
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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.