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. .
https://forexintuitive.com/attachmen...1091127859.jpg
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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. .
https://forexintuitive.com/attachmen...1091127859.jpg
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
https://forexintuitive.com/attachmen...1631213033.jpg
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
https://forexintuitive.com/attachmen...2617655405.jpg
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
https://forexintuitive.com/attachmen...4555569248.jpg
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
https://forexintuitive.com/attachmen...6856457156.jpg
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
https://forexintuitive.com/attachmen...1161316200.jpg
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. .Quote:
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...
https://forexintuitive.com/attachmen...1499788181.jpg