Update on this one. My trade decision was spot on but I managed to cut it at break even just before it ran. I little bit fast on the break even. It's been a decent trading week though so no complaints.
There is no reason that this won't go on a real nice run now as it is most certainly with the trend.
There is no reason that this won't go on a real nice run now as it is most certainly with the trend.
DislikedLooks like we could have another i4b at the round number 1.1000.
Pros:
I4b
VBRN
Previous bar resembles a BUOB (not that I would trade it on it's own merit)
With trendif taken long.
Cons:
Choppy pair
The 1.1140 area previous highs look like a good possibility if it breaks north. I am not interested in a short on this pair even though it could be a good trade straddling the I4B.
Still deciding whether to take or not....Ignored