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| English: A Pivot Animation (Photo credit: Wikipedia) |
Hence, right now I have opened a long deal at 1.3455, with a take profit level of 1.3480.
A stop loss value depends on your margin. I have kept 50 pips. This is rather subjective.
Any value lower than what I have taken will be a bonus.
Once, the pair reaches the pivot point, then I would try some quick scalping there.
I have thought of putting one long at 1.3494 and a short at 1.3496.
Both will have a stop loss of 10 pips and a profit of 30.
Hence, with this scalping; either I would have a profit of 20 pips or a loss of 20 pips.
Whatever be, will update the outcome tomorrow.
Till then Happy Trading.
