Down the Channel on Chunnel

FX:EURGBP   歐元 / 英鎊
310 4
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.
評論: 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!
評論: 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. OR

The 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.

交易進行: I am strapped in for the fall...
SHORT @ 0.8718
STOP @ 0.8762
TP1 @ 0.8625
TP2 @ 0.8440
手動結束交易: This trade was closed earlier today manually ahead of election day starting.
CLOSED @ 0.8687
+31 pips
You said you got long at .8700 or thereabouts but then you said going short.
Did you take the first trade or the last?
Bonavest OutsideTheBoxHK
@OutsideTheBoxHK, I have gone LONG twice since posting this idea. The last LONG was only for a few pips, but now am strapped in for a SHORT with the info above.
Currently short from that double top, this pair is near previous resistance. I like the daily chart as it has push back from the strong green candle
Bonavest TheBulltrader
@TheBulltrader, Yup saw the same on the daily. I always hate seeing differences in repeating patters. The other tops bit once and fell down nicely. This time it did the double top and has been lingering.
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