It's going to be a quiet day in the UK today as it's a bank holiday and I reckon the markets are going to be subdued in anticipation for NFP on Friday. That said, I have placed a 34 pip short on GBP.
- Stochastic is indicating some momentum, but not loads hence why a short trade.
- Histogram on MACD is showing reversal
- MACD line and the signal line are crossing
- Chart is signalling that a reversal is already in play, so I might be a about 10-15 pips late on the short
- price has crossed the moving average on the Bollinger bands
- Stochastic is indicating some momentum, but not loads hence why a short trade.
- Histogram on MACD is showing reversal
- MACD line and the signal line are crossing
- Chart is signalling that a reversal is already in play, so I might be a about 10-15 pips late on the short
- price has crossed the moving average on the Bollinger bands
Comment:
Missed my TP by a couple of pips!!!