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This will explain our entry and exit strategy on this trade. We enter on a River move but we needed to wait until support was broken. As you can see from our target entry we missed by a few pips because we had a falling knife candle at that point. We are now up about 70 pips and you can see the support is my 76.4 Fib area. If we can break the 76.4 and the 2.0300 level we should run for 100 pips. If we come back up through the 61.8 level, that would be an exit for me on this position.
is this GOOD or what
Hm... Almost forgot about the river, just try and got 12 pips easily on GU tf M5.
Thanks PowerTrader.