-short term long played out nicely
-gu new low has been made.
- GBP uncertainty and Dollar strength
- im going to wait for a retrace first ive placed a a sell order at 0.382 will ride it down to the monthly support zone at which point the DXY will be at its peak in a double top (see related)
- This is my buy zone. i'm going in for a long term long at this point.
-gu new low has been made.
- GBP uncertainty and Dollar strength
- im going to wait for a retrace first ive placed a a sell order at 0.382 will ride it down to the monthly support zone at which point the DXY will be at its peak in a double top (see related)
- This is my buy zone. i'm going in for a long term long at this point.
Trade active:
order filled
In hindsight, the short was ill placed. my expectation of it not retracing back to 0.236 fib level was a bad assumption. The stochastic should have been an indicator to me, of a stronger upward momentum potential. entry should have been at this fib level not the stop loss.
Still have the long waiting.