This is just an update on this trade we have been holding since the 1.71882 area, We can currently see price at another key resistance level, now we might see price break through this and make further movement up... or we could see a drop now after a few days of flying high ( the aeroplane might be out of gas and need a refuel )
Even though we currently hold a position in this trade we will be setting some orders to catch a movement in either direction, this is such a key level that we feel we will see another big move in either direction.
This is a good way of trading as we like to try and outsmart the market ;p our current SL on the trade we have running is at 100+ pips anyway, so this is technically a free trade.
Even though we currently hold a position in this trade we will be setting some orders to catch a movement in either direction, this is such a key level that we feel we will see another big move in either direction.
This is a good way of trading as we like to try and outsmart the market ;p our current SL on the trade we have running is at 100+ pips anyway, so this is technically a free trade.