captain_smollett

EURUSD. Cypher or a simple ABCD?

FX:EURUSD   Euro / U.S. Dollar
Looks like we will know the answer soon. I will try a tiny long at 1.0936. SL: 1.09
Comment:
Points in favor of a Cypher: Bullish divergence on Daily TF
Points in favor of an ABCD: pattern targets were reached on Brexit voting night, also DXY shows more upside willing
Comment:
Brexit low taken out, price closed near LOD. Expecting a pullback to 1.093 and will trade lower, targeting 1.071
Trade active:
Shorted 1.093. SL: 1.1010, TP: 1.071
Comment:
Hasn´t triggered my SL yet but I think it should re-visit to 1.10 area. Will do something which nobody has to do which is moving my SL to 1.1080 on Monday opening
Trade closed: stop reached:
Never move a Stop-Loss...
Comment:
From 1.10 to 1.13 and back to 1.09 in a single day... Insane cleanup!
Trade active:
Long 2*0.25 lots at 1.071. SL: 1.05. TP1: 1.14, TP2: 1.22
Comment:
Almost stopped out =(

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If there is no strategy that has proven itself successful, please do not trade with real money!
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