Terrain for eurgbp feels like mean reversion
Eurusd is trending so is gbpusd.
Stops are managed, if I feel stophunts are inbound, I can move my stoploss.
Notice on daily we have no mobile bars, barbwire, I'm speculating whipsawy, no direction bias.
If price produce a strong upstick upwards, get ready to cut, or should I have gone long? Since implied volatility skew is skewed to upside, premium is heavier to upside on eurusd.
Factoring in volatility, and price spacing, I'm only willing to stay for 20pips or so, since 20pips more we may end up with a strong stick up against us, but if price turns more I'm willing to reaverage once more, within this volatility band. Daily still seems bullish.
Eurusd is trending so is gbpusd.
Stops are managed, if I feel stophunts are inbound, I can move my stoploss.
Notice on daily we have no mobile bars, barbwire, I'm speculating whipsawy, no direction bias.
If price produce a strong upstick upwards, get ready to cut, or should I have gone long? Since implied volatility skew is skewed to upside, premium is heavier to upside on eurusd.
Factoring in volatility, and price spacing, I'm only willing to stay for 20pips or so, since 20pips more we may end up with a strong stick up against us, but if price turns more I'm willing to reaverage once more, within this volatility band. Daily still seems bullish.