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Perex Trading Journal

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At the opening of my trading journal this time I will discuss the EURCHF pair which seldom seems to be a trader trading this pair. 

EURCHF has been slowing down in recent days as this is evidenced by the formation of the H4 sideway chart area around prices between 1.07367 - 1.06620, for some traders this is a good area to open positions because after a sideway usually prices will go fast. Here I will focus on open buy above the resistance price. Because it is true that the market will go up even though it is currently sideways. We can place a buy stop at the price of 1.07400 with a stop loss below the sideway support of 1.06500 and the target can be set at the price of 1.09784 

Buy stop signal: 1.07400 
Stop loss: 1.06500 
Take profit: 1.09784

#1 - February 09, 2020, 10:25:59 AM


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