- Slowly emerging pattern of a triangle consolidation evident on the daily chart.
- Set long at 1.3171 for a small initial position earlier today.
- Want to go with an upside break in the coming days. Around 1.3275. Buy stop-in order my preferred mode of entry.
1 comment:
Stopped out at 1.3177.
New practice here. Once a position goes a reasonable distance in the money, I do not want to lose ANY money on the trade.
In this case, after trade was put on, EUR/USD high was 1.3233. Thus stop was moved up to ensure a tiny profit.
Looks like better to wait to buy upside break of daily triangle.
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