My alert was triggered with this pair and I placed and sell stop order with following paramters: Price: 79.782 S/L: 80.492 T/P: 78.849 (R1.3) My thought: Oh, don't know for sure about this one but I know it will have to face a pretty strong support line at: 78.800 and my plan is to go with a very tight trailing stop when/if price hit that level. //Patrik
Finally, a pair that might be great for a sell order! I have placed a sell stop order with following parameters: Price: 0.70914 S/L: 0.71407 T/P: 0.69905 My thoughts: Well, when I look at my "beautiful" rainbow chart and compare the monthly, weekly and daily it says that the trend will continue a bit longer . The pair has been going up for the last couple of days...
This pair seems quite interesting to trade on the daily and weekly charts. Looking at my rainbow, I can see that the price bounced back a little bit at the end of last week but I'm positive, and think that it will turn once again and following the daily & weekly trend! I might be wrong, it has happen before :-) but I will in either case place a sell stop with...