Seemed like a bounce off the falling wedge, so I decided to take a long position today. Saw the equilibrium around 0.7575 so I went long when it hit 0.7573. Saw a paper profit of 2% become a paper loss of 4% as it dipped down to 0.757. After 1.5hrs, I became worried that the bounce was a stop hunt, so adjusted my take profit to 2 pips. Happened to go in again, saw the 1.2% profit and took it. Had I waited a little longer, I would have hit my 2 pips, but right now it dropped back down to below 0.7573. So perhaps I should be looking at short positions today. 5 more pips and I'll have a new record for my system! Trade safe.
Yours,
X
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