Today i am very active.
I opened short at 0.77211 SL 0.78000 TP1. 0.73500
I expect that it breaks lower line, then i will open one more sell possition and i am gone move first possition SL to little profit.
Hello friends. I am just looking at chart and i saw triangle on 15 min chart. Firstly i do not trust 5 min chart, but i am gone open small sell if it breaks lower line on 15 min chart and my stop loss will be upper line.
As i said it is just check possibilities to trade in low time frame.
in my view i see descending triangle.
Last week after Yellen speach we saw a big drop in many pairs.
In this pair now i see forming descending triangle, everything in chart.
Now i have sell possition at 0.72509 and i will open bigger sell when 0.71800 will be broken.
i take long possition at 1.31225. if it goes below this triangle i will close it, but now it looks that we have a good opportunity to take long for a long time... bigger long will be opened if it break the triangle upper line