Ooohhh... Just had my weekly 90 minute massage. My portfolio’s +2.28% today. I got an unexpected discount whilst shopping. So, in essence, life is good.
I looked at a few charts today and nothing convincing on either USD/CHF, EUR/USD, GBP/JPY, or GBP/USD.
Then I switched to EUR/GBP, 60 minute chart and saw something slightly compelling.
I want to either:
Sell a break of 0.92995
Stop above 0.93207
Target = 0.9165
Risk:Reward = 6.34
-or-
Buy a break above 0.9355
Stop below 0.93293
Target = At 0.94, watch what happens… If bullish conditions are evident, bring target to 0.955.
Risk:Reward = 1.75 if it gets to 0.94, 7.58 if it gets to 0.955
Slight bearish divergence favours the selling, but at the same time, it looks to me like either a bull flag or a double top could form.
It would be nice if I can both get in the trade and stay in the trade, wouldn’t it?
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