A high risk reward is offered to us on a bearish pair (because gbp is) by technicals (horizontal & diagonal supports).
+ ~38.2% retrace + typical ABC correction:
Price is reacting as I type this, I wasn't fast enough.
Doesn't mean it won't go back to 1.24150. Here is a very good entry to have a huge RR.
SL ~1.2445.
+ ~38.2% retrace + typical ABC correction:
Price is reacting as I type this, I wasn't fast enough.
Doesn't mean it won't go back to 1.24150. Here is a very good entry to have a huge RR.
SL ~1.2445.
Trade active:
Stopped on GBPCHF but I want to compound on my mistake and am now shorting GBPJPY
Comment:
Bounced on that low go figure.
Maybe a strong reaction in either direction will happen at 8 am.
Maybe a strong reaction in either direction will happen at 8 am.
Comment:
...
Trade closed: stop reached:
Stopped at the very top as usual. Probably a coincidence for sure.
But back down now,
I want the price to at least clear the 1rst support before I move my stop.
If it goes up I won't short the pound again for a few days...