I have been waiting patiently for EUGB to put a top and possible reversal signal in. This daily chart has a lovely Bearish out side Bar, Location is good and we close below 8900, and engulf several other days range and lows. I am looking to sell a break of this bar. As a daily bar i will look for 10 pips break to enter. A more aggressive entry is to touch trade off 8913 ish level where support has become resistance. However as the bar has not broken there sis a risk it may not. 8840 is support so i hope to exit here. eugb.gif
Hey Chelski. A 123 pattern got me in on this same trade. Sell order below point 2. I closed 50% on friday, and now letting the rest run to 8800 I hope. I guess our trades are often similar, just my trigger patterns is different. I'm +1.9% so far this month :) How's your trading going?
Too much news on euro today. EG is a fragile thing, my best laid plans wrecked by bad news on sterling before now and then it fell after stopping me out and meandering for a few days
1.477 or 48 would be nice strength on euro to then look at shorts. Sterling is doing well this year
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Hey Chelski. A 123 pattern got me in on this same trade. Sell order below point 2. I closed 50% on friday, and now letting the rest run to 8800 I hope. I guess our trades are often similar, just my trigger patterns is different. I'm +1.9% so far this month :) How's your trading going?
Too much news on euro today. EG is a fragile thing, my best laid plans wrecked by bad news on sterling before now and then it fell after stopping me out and meandering for a few days
1.477 or 48 would be nice strength on euro to then look at shorts. Sterling is doing well this year