Should I play the Range (in red) or wait for better conditions? whether to play the clear 15m range on eurusd, or consider current inside structure and avoid it? My favour lies in buying the bottom of the range.
- Pinbar setup at Trendline & 200 MA
Appears that USD is weak across the board, Commerzbank backs it... so should you lol In technical terms: - Extra Pinbar (Nice and tasty) - Downwards Trendline (May 2019 onwards) - Profit Target at Monthly Pivot Point BWOY Tell me I'm wrong.
Price spiking and recent MA cross + Bearish Engulfing Candle
After 7 weeks of lower lows for the USD, I see potential for the beginning of a turn around in the greenback. Strong jobs data last week from the Fed and US ISM predicted positive early next week, followed up with rate decisions from the BOE, RBA & RBNZ later in the week. Technically, DXY is reacting with the bottom of a two year channel, but is yet to close above...
Bouncing from top of Channel, position opened yesterday evening, watching how price reacts with next set of Pivot Points. Roughly 3/1 Risk to Reward, stop loss moved this morning from 2/1. Have a tasty friday, See ya later daters.
I had a nightmare with this. Thought I would be extra clever and set an order in each direction with with my Spreadbetting account and with a trailing stop loss on both As you can see the sell side "should" have executed perfectly... due to slippage the price moved so quickly it skipped right past my order :') safe to say we learnt something today
GBPUSD bound in short term range, 2/1 risk reward, trailing stop at 15 pips.