I did a statistics. I searched all of the candles combination with the first day rising more than 0.83%( the Thursday rise) followed by a pullback the second day(the high is higher than the previous day and the low is higher too). In total there are 31 results. Among them, 18 has lower price than the first day low. for the other 13, profit is possible with a loss stop set at the first day low. Among those 13, almost 11 is easy to predict the trend in the following days. So, I think if we open buy positions next week and if the loss stop at 1.30, the win probability is fairly low. I do not recommend.
Trade active:
Statistics helps. I no not think EURUSD double bottom is reliable, for no double bottoms like so have been seen in the EURUSD history.Too perfect.
Retest 1.13 is very likely to happen in the coming days.
Retest 1.13 is very likely to happen in the coming days.
Trade active:
i bought at 1.1323. I expect the price is going to try to break the trend line once again and that will be a opportunity to sell. Before that, the chance that the price go down below 1.1300 is no more than 30%.
Trade active:
I Sold at 1.1280, and closed at 1.1254. No loss today.
Watch next movement. Price need to be pullback to 1.13 before go lower.
Watch next movement. Price need to be pullback to 1.13 before go lower.
Trade active:
just opened sell at 1.1285, and closed 1.1270
Trade active:
buy at 1.1315. It is not a simple pullback. The trend might reverse.
Trade active:
sold at 1.1292,closed at 1.1280 no loss, bad trade. I made a big mistake. A lesson.
Comment:
I do not want to trade this pair in the coming days again. The volatility is too big because if the Brexit news.
Trade closed manually