FX_IDC:EURGBP   Euro / British Pound
:::Trade swap Tuesday:::
Nice long breaking through the 50EMA on the EURGBP             , points of management are the previous highs around the 0.73480 zone
Bit Cash Crew
Hi Tim, points of management refers to the previous highs where resistance was previously found, like the 0.73480 and also around the 0.73880 zones, where potential pull backs can sometimes occur.
Reply
Can you explain what you mean by 'points of management'? I like the tight stop and the 2nd test of the rising trendline for support and the previous two-bars of inside bars suggesting that the downside momentum may have subsided. Good luck.
+1 Reply
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