It's a bank holiday in the UK so I am expecting quiet play today
Top-down analysis on the 1Day, 4hour and 1hour chart indicate the market is overbought
£ looks like its at a high and could do with a retracement
Stochastic and MACD all aline to indicate a reversal
Price has crossed the moving average in the centre of the Bollinger bands
Top-down analysis on the 1Day, 4hour and 1hour chart indicate the market is overbought
£ looks like its at a high and could do with a retracement
Stochastic and MACD all aline to indicate a reversal
Price has crossed the moving average in the centre of the Bollinger bands
Trade closed: stop reached:
Epic fail.
Added a TP1 at 1.32597 where I will reduce the trade by 50% and move the SL. Then let the other 50% of the trade run to TP2