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We are in the upper range of the Band and seem not to rise further. A test of the 200 EMA eems likely.
Sorry to say but there is no correction in sight. Sometimes the Bollinger Band is misleading as an indicator. I will have to make more sure in future. Ash onto my head.
I used to use tight stopps in such situations. But as my last experiance in AUD/USD also showed it may be that one will be stopped out several times before the rate begins to move into the direction expected. Same was with your successfull BRL deal.
Thank your for the advice.
I agree and I think a correction will come soon. There might be also some overshooting to north. My experience is that you need to have to SL in such a case far away. With which broker can you trade that value as short?
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