My previous long orders closed (see related chart below) and I'm now going short now, due to this nice pin bar candle on the 24-FEB close, however, the trend is still going upwards, so I might get stopped or not.
Major support is at 1.34 Will it go down that far? Let's see...
Short limit Entry at 1.4088 Stoploss at 1.4270
Trade active
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Short limit order filled at 1.4088 24-Feb-2021 16:28:35 GMT
@AdeOluseun, thanks👍. But still early to know, you never know what can happen ✌
SlowPoke_Rodriguez
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I am in this short trade but as per the previous comment with a slightly more cautious outlook. Open 1.4170 - TP 1.3986. I see structural support at 1.3985 and 1.3950. Will wait and see what happens if we get to those levels. My outlook still bullish with GBP remaining well supported and I expect it will retest recent highs.
evert.tracks
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@SlowPoke_Rodriguez, Agree, the trend it is bullish indeed. Hence my tight stop loss for my point of view. Let's see indeed.
nagzw76
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Definitely see this also. However I see support more on the 1.38s. either way Definitely a short. GJ hasn't been this overextended for 5 years now. on the 15min 1.41500 has been rejected 4 times. Entry is 1.41200 no stoploss TP 1.38500
evert.tracks
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@nagzw76, Nice one :) Yes, I can totally see the support 1.38 👍.
Waw, I think it's brave not to have a stop loss. I think I can understand not having a stop-loss, is it that don't want to appear on the orderbook?