Not the best entry here but this could still work out... I would have had my stop at 0.86 if I were playing this range, to avoid any random spikes stopping you out.
I'm going to look at trading a breakout of this range on Thursday after both the euro and pound cash rates come out!
Hi Paul, thanks for your advice. you were right, my stop loss was too tight and hence got stopped out of this trade. with the ecb and boe meeting coming out this week, i should have waited for the outcome. seems like there was an increase in volatility compared to past 2 weeks.