Quote:
Originally posted by rezo_s
I took some time to illustrate the example I wrote about:
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Interesting post and it makes sense. Too bad I didn't read that before going long EURUSD at 1.1686.
I drew some trendlines from the tops using the 1hr bar timeframe and it looks like the euro's broken all of them. Also, it's trading above the 200sma so that's my signal long. I'm currently taking trades based on my signals and didn't really think about the sideways channel. My stop is 35 pips and I have no target yet.