Price Action Trader.
As its a friday and we have NFP coming up today i won't be executing a impulse entry and i'll be waiting for a break of structure and a close above or below support or resistance before executing a trade.
If there are no confirmations i will wait for a retest or retracement & confirmations before executing a position.
I usually have my STOP LOSS above or below the previous candle depending on whether it a buy or sell trade.
My take profit area is the same everyday at around 10-15 PIPS. I close partials usually 90% & leave a runner.
As its a friday and we have NFP coming up today i won't be executing a impulse entry and i'll be waiting for a break of structure and a close above or below support or resistance before executing a trade.
If there are no confirmations i will wait for a retest or retracement & confirmations before executing a position.
I usually have my STOP LOSS above or below the previous candle depending on whether it a buy or sell trade.
My take profit area is the same everyday at around 10-15 PIPS. I close partials usually 90% & leave a runner.