EURUSD BREAKEVEN

EURUSD BREAKEVEN
8th September 2016 contacttf
A stop order, also referred to as a stop-loss order, is an order to buy or sell a stock once the price of the stock reaches a specified price, known as the stop price.

I took the entry based on resistance at 4 hr chart. The news out at 12:45pm BST added to uncertainty. All timeframe line up, including the 30min.

I closed trade as RSI went through exit point [60]. I will keep an eye on this, no to trade again, but to see how EURUSD plays out.

When the stop price is reached, a stop order becomes a market order. A buy stop order is entered at a stop price above the current market price.

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