Hey guys, one more trade today. The best setup would be at the test of prior false breakout. But the PA is still good enough. More in the screen.
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The trade starts going the right way. One can move the protecting stop to 87,1.
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There is time to close the position if one does not want to speculate on the major trend reversal. Nice profit now.
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KenCarv
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What do you mean by the entry maybe I'm not reading it clear but I can't see where you've suggested to enter?
I entered as we broke out of the cone
@PaulK
Paul_K
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@bencarvill, I have entered according to the price action i described here at price 86.9. But i do not write the whole trades here because i manage it as the price continues developing. No strict fix plan. I trade price action. For now I am giving here tips/ideas where and why one could trade. But no exact entry and exit points.
KenCarv
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I've taken a short from 87.100.
A few resistance levels to break down.
Feeling it will be quite volatile
Paul_K
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@bencarvill, we will see. If the entry will work, the pair should test 86 tomorow. If not, there could be some more move up before deeper decline (or the decline doesn't have to be at all of course).
I entered as we broke out of the cone
@PaulK