EUR/GBP in a long term channel, short opportunity
If you pull the daily chart up you can see this pair has been channeling within these large bands for quite some time. We can therefore structure laddered sell positions up through this channel with stops above the major channel. It will make for a nice trade.
As we come down in this channel, take profit and play the rebounds and replace laddered positions as necessary.
Happy Trading,
-Sherem
Please read up on my martingale strat if you need some more info on laddering.
As we come down in this channel, take profit and play the rebounds and replace laddered positions as necessary.
Happy Trading,
-Sherem
Please read up on my martingale strat if you need some more info on laddering.
Comment:
already off to a great start
Comment:
my 2nd ladder got filled, still targeting to the downside.
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booking profit, resetting ladder positions
Comment:
My 3rd tier ladder got filled, it should move back down of these highs more and come down. I will look to book profit once it get's near these lows.