The uk economy continues to be strong with the brexit proceedings moving along. I see this region as a good zone to buy.
Commento:
No entry as yet. Waiting for the candles to suggest a reversal or close above 1.2520. Asian session will be interesting.
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long triggered at 1.2519. looking for TP1 1.2576 and TP2 1.2697
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slew of upbeat and outperforming manufacturing data supports the case the UK is still doing well. This adds to case of gbp being well supported with room for further strength. Waiting to see how it will progress from here.
Commento:
taken out. Bears are in control
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Should have put stoploss to 0.786. Learn from this. Monitoring for possible entry if 1.245 bounces
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sitting on your hands is a hard thing to do. But patience is a necessary skill for a trader. Stlll waiting for good candle close above 1.2485 to consider a long.
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entered long @1.2489
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we are back in business. a candle close above 12540 will be a good sign.
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exited position, long invalidated as fail to close above 1.2540