Dislikedhi dw
am i making a mistake or an incorrect analyst on eur-gbp?
i should have zoomed-in the chart before triggered long yesterday.
this view gave me to see a triangle pattern.
the price is seemed to burst soon - either up thru the TL/DHL3 or down thru the DHL2
i long bcos the PB shown up the day before. i now have a 47 pips loss.
should i manual exit the trade on monday ? any opinion?Ignored
On the daily, the triangle is too loose, strongly penetrated and has a lot of room to complete, and on the 4-hour, the trend line was broken completely. Plus, you've entered in the middle of the triangle and a triangle is not meant to be traded like that.
Another point, are you sure you wanna trade with 1:1 risk/reward ratio?
Having said that, the price still can shoot as high as it wants.
ipnee