Down the Channel on Chunnel
Updated
We have been hovering in this channel for some time. Will be waiting to see more confirmation once a candle closes below the 50 SMA .
Within the next 24 hours I would expect to see one more bump UP to hit resistance around 0.8730.
Within the next 24 hours I would expect to see one more bump UP to hit resistance around 0.8730.
Note
Currently this is the setup for the next move before the above idea goes into play.There should be another LONG entry opportunity and when that move tops out it is time for this Idea to go into action.
Wait for it!
s3.amazonaws.com/tradingview/snapshots/1/1wJBAM1g.png
Note
So I got in on that LONG I was looking for, but did not expect another possible LONG ENTRY. I have a feeling this one may be short lived. ORThe 0.8700 level may actualy be providing some support for another push up? I am long again from the touch on 0.8700 earlier this morning.
Trade active
I am strapped in for the fall...SHORT @ 0.8718
STOP @ 0.8762
TP1 @ 0.8625
TP2 @ 0.8440
Trade closed manually
This trade was closed earlier today manually ahead of election day starting.CLOSED @ 0.8687
+31 pips
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