Ok so, although I will go long on this if we get a BUEB closing above the upper trendline, I will also short now if price hits top trendline and fails to break… Reason being is that I see it as resistive now that the important sma’s are converging onto the trendline itself… 1.2515 would be the ideal short entry if it is hit in about 2-4 hours.
An SL of 10 and TP of 30 would be my likely accompanying orders.
Euro top, Swiss bottom on the 1 hr - indicators are flat, however both pairs are still converging, both respectively below and above the 75ma. When indicators break should be a good move
I did get 5 pips on eurusd short… Saw the gbpusd breakout, and the eurusd lagged because of the bottom trendline… So gave a nice chance to catch the first move
they all did - makes me nervous - stop on euro will be when swiss reaches .9683 - daily 75ma then see what happens - I like my burning stickman - it is a great logo for forex players(while some of us…uhh maybe just me)
What caused the sudden cable drop? Im in short from 1.581 last night took profits already letting it run tho. Just wondering what’s going on maybe I should close out now. Couldn’t find any news and it’s very late for that kind of move.