As anyone who follows me will know I've been calling a long on this for several months. In fact I've had several disappointing trades on it recently resulting in break evens after promising starts.
Of course the moment you get bored waiting and take your eye off the ball - it goes. (There's a lesson for daily scanning and setting alarms).
I missed this lovely trade but not to worry there's still plenty left in it.
It may simply make a flag and go but given how this pair moves I would expect a deep pullback which will present a great opportunity to get long.
I'll not be buying any flags. The possibility for a deep pullback is to high on this pair and it is better to miss a trade than lose on it by being to hasty.
I'll post updates as this situation develops
Steve
Of course the moment you get bored waiting and take your eye off the ball - it goes. (There's a lesson for daily scanning and setting alarms).
I missed this lovely trade but not to worry there's still plenty left in it.
It may simply make a flag and go but given how this pair moves I would expect a deep pullback which will present a great opportunity to get long.
I'll not be buying any flags. The possibility for a deep pullback is to high on this pair and it is better to miss a trade than lose on it by being to hasty.
I'll post updates as this situation develops
Steve
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