I've set SELL PO just below Fib 76.4 - Hope she can arrive there to pick up my PO targetting retest FIb 50.0 to 76.4 down. .
High TL will act as resistance and ideally demanding one. .
I've set SELL PO just below Fib 76.4 - Hope she can arrive there to pick up my PO targetting retest FIb 50.0 to 76.4 down. .
High TL will act as resistance and ideally demanding one. .
Your sellimit should have been set @ the UTL, not @ the fibo level you've got there. Stop should have been 15 pips over the UTL, and you'd have caught a few pips on the downward move. This looks like a possible bullish flag to me and the top border is retested after more. We might get another leg down to the LTL. Im not investing EUR/GBP as its too slow to me. Just keep it simple
edit : no breakout as price failed to close above the top border. Price still within the possible bullish flag
past 2 bars still not managed to close above upper TL.
Current bar are looking again.
My past 2 day trade resulting 100 -ve pips. .
I will consider open position once current bar near next 100minutes.
Breakout - that I will BUY targetting Nov 95 high
rebound - that I will SELL targetting yesterday non . .
Pls Trade in Your Risk
Redraw top TL. .
I think bounce we are for retracement. .
Today will wait to input SELL at highest price I can get and hope for few pips
So, Trade at Your Own Risk
Price still only below upper TL. .
Me only SELL with quite tight SL only above current high 0.8549 with TP Fib 50.0 Down. .
Pls Trade AT Your Own Risk
Your UTL is drawn erroneous and makes no sense at all meaning its not technically significant. I think you should go through the basic steps one more time
My brief burnt with -15pips
I believe break-out to UP now.
Now me exactly at upper TL targetting Nov 95 large
SL couple pips below now low
So, pls Trade in Your Own Risk
I have redraw my top TL and price just above it. .
If next 4HR pub close above it I might just BUY it. .
But I believe we can retrace first before farther UP.
My BUY yesterday on and already in Green few pips
Thus, pls Trade at Your Own Risk
You should stop trading if your doing this on live account. The bullish flag has been broken long time back and your TL's aren't significant.
OK - It is my Live account I exchange base on this particular setup. .Originally Posted by ;
Why should I Stop once It give me my few green pips I want to?
I know the word bullish flag but I do not really know what that is . .
Should I know in particulars this Bullish Flag ? Your word are frightful , make me nervous . .
Thank you sir...