now that 1.2380 was taken , i shorted at 1.2380 with a stop just above 1.24 two legs up from the bottom prob ended there or around 1.2385
Ignored
only reached my 1/3rd TP for 1/x risk, then got stopped at B/E. Now flat on this pair. Might place a sell stop below today's lows and move it to below tomorrow's lows if it continues going up tomorrow
Everyone and their mother has seen the double tops and is likely to have stops just above them, if they shorted after them. Which means they are a big magnet for the price
Seeing today's price action, I decided to buy at market with a SL below today's lows so far. Betting on a strong trend continuation up and will seek to trail stop, but when I see a dip and then a breakout with 3 very bullish hourly bars , I have to be in
Seeing no follow-through on the USD rally, I have tightened SL significantly and am close to being taken out for a small loss. Also have a sell-stop order below yesterday's lows. Would probably make for a nice reversal if it broke them.
Got stopped out for small loss when it broke below 1.2369 but I have now bought again at 1.2337 potential channel bottom. I like steep channels because they tend to persist and offer good and well-defined SL and targets.
Let's see if the channel persists. The double top at 1.2560s would be a good swing target, though will probably require two more channel swings or 1 swing and a channel top overshoot
