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Recap: We took two longs off of yesterday’s swing trade. The first was on the 12:00 4h candle off the resistance break that occurred at 15:02 UTC (pro emails sent out at 1.3247). That 4h candle closed below our resistance however (false break), causing us to close the position for a 25 pip loss. Our second long, opened at the 17:11 UTC resistance break (emails sent out at 1.3242) is currently 30 pips in the profit and we will keep it open as long as the rising support we are tracking today stays intact.
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Trading Idea: Our current long from 1.3242 is about 30 pips in the profit at the moment and still open. We are targeting 1.3282, 1.3302 and 1.3322 for 80 pips profit in total.
We will also look to close our long and get short if a support break occurs, with targets at 20/20/25/25 for 90 pips profit.