Testing Out a Possible New Trend Channel

Small position size. No real confirmation of full channel size, but SuperTRend v.10 has flipped and Price Stochastics have been maxed out for days.

Trade active:

Entry @ 0.8608
SL @ 0.8690
TP1 @ 0.8555
TP2 @ 0.8450

Trade active:

Added more to the position based on this mornings GBP movements. Price stayed below the SuperTrend v1.0 and I am riding it down now.

Average Open Position @ 0.8660

Comment:

Here is an update chart image with the revised trend channel. You will also notice that this fits my DeJaVu scenario where we are repeating previous chart patterns.

s3.amazonaws.com/tra...shots/l/lNI2NXQ6.png

Trade closed: stop reached:

Blahaha... yeah UK Brexit news took this trade out easy.