This setup is similar to the GBPNZD, a triple top with triple divergence (very rare) We have also a long term resistance to protect our SL. The risk is low and the targets are ideal, we should manage actively the trade following the price action. Regards
Comments
4xgood
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Would we a nice short, though :) LOL
FullTimeTrader
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Hello, losing is part of this trading game as you already know off course. Most important is keep risk under control and be disciplined. Regards.
FullTimeTrader
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UPDATE: closed positions due to news from EU and waiting for the dust to settle...............
NashC
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Since the EUR just rallied hard against the dollar, probably due to the Greek bailout being secured and snap elections, will this have any major implications on this pair?,
So tempting to short because of the divergence
FullTimeTrader
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Arrggg! yes lately there are many unexpected news, i would better close this trade....... be carefull.........