Here goes my setup ahead ADP print: entry area is 1.3650/40, which is the weekly M3 area. Obviously, I’ll be watching the data print before taking any action. Stop comes around 1.3620, just below the central pivot, and 1.3610 which marks the weekly M2. The stop depends on the entry. My first target is 1.3690/1.37 and then 1.3720/35 zone.
What size do you trade ? How much is -30 pips in % for your account ? I am following with interest.
Hey Mihk,
I’d play this one with 2 lots and the risk is 0.8% of my account. I follow the “2%” rule: never risk more than 2% of your account in all your trades.