Kyle_Campbell

Squeeze pattern and range trade

Long
PEPPERSTONE:EURGBP   Euro / British Pound
squeeze against resistance
break expecting squeeze to fire in trend direction
Trade closed: stop reached
Comment:
upon reflection I would note that the momentum on the squeeze was not moving upward yet on the top chart although my set up was well placed against resistance next time I will wait for increasing momentum on the top wave before entering to avoid getting chopped up by a dragging market

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