EURUSD has made a very big drop lately, each small bounce up just got sold again and again. This pattern seems to have come to an end now while making this wedge.A break of 1.84 would be a confirmation that we could go towards the 1.20 again As long as the 1.167 holds we should continue to make at least a small rally. But it should actually stay above the 1.171
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Zoom in of that picture
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I just went long at 1.179
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Have my stop just below the previous low by the way :)
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Still moving inside the wedge so no problem yet, I have added some more to my position, with stops at 1.164 and 1.159 for the new position
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The first stop broke at 1.164. It appeared to break out of the wegde, but the second attempt failed again. My last stop is still around 1.159. If it breaks, than i will leave it for what it is for now. Still bullish on the long term, but it's accepting that a trade went wrong and just looking for other opportunities on other asset. What i mean with this, if i keep focusing on this right now, it becomes like almost personal and i want to be right instead of making profit. That's one of the biggest mistakes one can make