I am buying at current levels - .84700 with an .8330 stop-loss and a .9200 take profit level, which will probably be adjusted UPWARD as time goes on. I plan on leaving this trade open for a long while, therefore, I suggest reducing the amount of money you use to typically enter a trade. On these long term trades we look to make a lot of money from a minimum investment. If you typically trade 1 standard contract, I suggest you trade 2 or 3 mini's on it, etc.
RISK: .8330 or 140 pips or $2226 per standard contract.
REWARD: .9200 or 730 pips or $11,607 per standard contract.
I will be trading 5 Standards on this trade.
Charts:
Monthly:
Daily:
Hourly: