market is currently in what i would like to call a neutral zone. it can go either way. i am waiting for markets to extend a little more either way so i can make a descision as to where its going. if price passes 86409 then my view of the market will be bearish for a bounce off the channel. if price passes 86728 then i will consider the pattern an expanding triangle reversal. the blue box represents the neutral zone. price may close outside of the blue box but i want to see price run a little and hit an entry for extra confirmation of direction.
sl of buy setup will be at the low eurgbp makes before hitting entry price
sl of buy setup will be at the low eurgbp makes before hitting entry price
Comment:
eurgbp playin haha. thats why i want it to actually move in a direction instead of only buying or selling the breakout of the box
Comment:
eurgbp is stalling to rise. and no impulse made to break out the channel so it must continue the channel. looking more into the sell setup now which originally was my idea but the triangle gave me the bull bias. looking for the sell
Trade active:
got the sell
Trade closed: stop reached:
trade closed a loss. forgot to move my stops. 127 tp1 wouldve been better to add. next time :)
David K Giraldo
