Still trending up but retraced to the buy zone at 2.00
Comment:
Daily chart gave a buy signal yesterday. Got in a little late today but still looks like a high probability trade.
Comment:
This trade looked a bit shaky yesterday but looking better today. I have added a trailing stop just below the dotted line (update once a day). My indicator draws a yellow up arrow when the bar closes above the tight centre channel and the previous bar didn't. I had a small bug as I never expected to see two arrows next to each other. It turns out that it compares the previous bars close to todays channel prices (not the previous days). After thinking about it I've decided not to fix this bug as those arrows indicate something of value.