$EURUSD Took -1.46% loss now seeing two potential scenarios.

My long position from the last week ended with loss of 1.46%. It’s not terrible, but maybe I should have passed that trade.

Now I can see two potential scenarios. The main scenario expects the current choppy market is in the process of completing the leading diagonal. The secondary scenario (shown with parentheses) is expecting flat wave.

If it leads to the first scenario (i.e. the price reaches to Feb 9 high level), it should be followed by a-b-c correction downwards. I would try short EURUSD at C wave of this correction.

If it turns out to be the second scenario, I would consider buying EURUSD along the blue underlined (C).

Either way, it would take a few days to develop. So I am just watching for now.


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Rational Move always use stop loss orders, and this is the worse case potential loss over the capital for the currently open positions. This is unrealized loss is less or equal to the risk exposure.

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