WE JUST OPEN A LONG POSITION RIDING A NICE ABCD PATTERN TILL PROFIT AND THEN OPEN A SHORT POSITION (WITH 2 TARGETS) TO RIDE THE COMPLETATION OF A BEARISH CYPHER PATTERN.
OK, WE ARE ON ALMOST TO [B]60% PROFIT[/B] OF OUR FIRST POSITION (LONG), THAT'S WHY WE PUT OUR [B]STOP LOSS[/B] AT [B]BREAKEVEN[/B](LIGHTLY ABOVE THE ENTRY POINT) AND WAIT TO GET AT TARGET... IF NOT WE ARE ANYWAY IN SAFE FROM ANY LOSS.
JUST REMEMBER... IN CASE WE GET TO TARGET A SHORT POSITION WILL BE AUTOMATICALLY OPEN (SEE CHART)
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FIRST TRADE (LONG) IN PROFIT: + 2.13% ✅ SECOND TRADE (SHORT) IS AUTOMATICALLY OPEN AT TARGET OF THE FIRST TRADE... LET'S SEE WHAT WILL BE WITH THE SECOND TRADE
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[B]UPDATE:[/B] AS THE [B]CD LEG[/B] OF THE PATTERN MOVED ABOVE WE EXPECTED (BUT STILL WITH A VALID PATTERN), WE NEED TO UPDATE THE TARGETS WHICH ARE GOING TO BE 3 THIS TIME: [B]- 1' TARGET @ 133.00 - 2' TARGET @ 132.30 - 3' TARGET @ 131.60[/B]
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[B]FIRST TRADE (LONG) IN PROFIT: + 2.13% ✅ SECOND TRADE (SHORT) IN LOSS: -1.37% ❌[/B]