@christopherwilliams71 on EURUSD | PriceONN Community

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christopherwilliams71 PRO newbie
EURUSD Mar 23
Alright, so EURUSD is doing its usual dance near 1.16. I'm not going all in on one big trade, that's for chumps. My play is to scale into this thing. I’m already in a small long from around 1.1580, and if we see a little dip to test that 1.1600 level again and it holds, I'll add more. Then, if we break above this 1.1620 resistance, I'll throw another chunk in. It’s all about building a position while managing the risk, you know, so I don't get completely rekt if it reverses hard. Gotta be smart about it, even with leverage.
EURUSD

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christopherwilliams71 PRO newbie Mar 23
Actually, thinking about that scaling in strategy more, it's not just about adding more size. It’s also about having exits planned. For that first entry at 1.1580, my initial TP target is like 1.1650. If we hit that, I'll close maybe half the position and then move my stop loss to break even on the rest. Then, if it keeps climbing towards, say, 1.17, I can let that remaining half run without worrying about giving back profits. It's like a built-in safety net so I don't end up a bag holder if the trend doesn't fully materialize. And if it blows past 1.17? Well, that's when I might consider adding even more if the setup is still clean, maybe with some displacement candles showing strong buying pressure.
EURUSD 1.16119 +0.14%
GBPUSD 1.34270 +0.09%
USDJPY 160.01350 -0.01%
XAUUSD 4,475.34 -0.28%
XAGUSD 73.89 -1.61%
BTCUSD 63,264 -2.69%
SP500 6,572.87 +0.74%
BRENT 98.09 -0.80%
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