The level of 1.22870 has been working as a level of support in the pair and pushing the price towards the North as expected. The price made a breakout at the last swing high. It is traded above the level as of writing. It has found its resistance 1.25460. If it gets broken, the buyers may push the price towards the North further. The price may find its next resistance around 1.26550. On the other hand, if the price produces a double top and makes a breakout at 1.25075, the price may get bearish for a while, but things look good for the bull.
{quote} Boy oh boy that ended up being a nice trade. Closed part of the shorts a bit too early, unfortunately. Still made some really nice pips tho. Here's the 'after picture'. Went ahead and took a shot at some longs here @ 1.2082. S/L below low of the day. TP somewhere really high up hopefully lol. Basically a good reward/risk type of trade. Nothing more. We'll see how it goes.. {image}
. May look to re-enter if it gives the right setup.
- #34
- Sep 15, 2022 5:19am Sep 15, 2022 5:19am
- Joined Jul 2011 | Status: Gold Again | 10,570 Posts
I like gbpchf above 1.15.
It takes a lot for me to IGNORE you, but you can try.
- #35
- Sep 15, 2022 5:21am Sep 15, 2022 5:21am
- Joined Jul 2011 | Status: Gold Again | 10,570 Posts
It's not like there is a trend or anything...
It takes a lot for me to IGNORE you, but you can try.
- #40
- Jan 18, 2023 2:12pm Jan 18, 2023 2:12pm
- Joined Jul 2011 | Status: Gold Again | 10,570 Posts
Partial +40p {image}
It takes a lot for me to IGNORE you, but you can try.