Hey Traders,
Hope all is well, Not much on the radar this morning, Just have this cypher on AUDUSD and then I also took a short structure trade on EURGBP. The market has been putting in some violent swings so make sure that you are adjusting properly for that. ME personally I like using something dynamic for my stops like fibonacci extensions, ATR's pivot points etc.. That way you are still using an objective way of looking at the market but at the same time taking into consideration the increase in volatility.
As you know, stops below X (the starting point all the way to the left bottom) targets at the 38.2 and 61.8 of the CD completion.
Like always if you have any questions, feel free to comment below !
Hope all is well, Not much on the radar this morning, Just have this cypher on AUDUSD and then I also took a short structure trade on EURGBP. The market has been putting in some violent swings so make sure that you are adjusting properly for that. ME personally I like using something dynamic for my stops like fibonacci extensions, ATR's pivot points etc.. That way you are still using an objective way of looking at the market but at the same time taking into consideration the increase in volatility.
As you know, stops below X (the starting point all the way to the left bottom) targets at the 38.2 and 61.8 of the CD completion.
Like always if you have any questions, feel free to comment below !