Currency ---- Trend ---- Position ---- Stop ---- Comments
EUR/USD -- Hold Short, with stop at 12905
GBP/USD -- Go Long with stop at 14250 on close
AUD/USD -- Hold Short, maintain stop at 6670
USD/JPY -- Hold Long, move stop higher to 9340 on close
USD/CHF -- Hold Long, maintain closing stop at 11400
Good morn Michael.Please explain what is happening with GBP/USD?Was stopped at 14250.
ReplyDeleteplease elaborate on the technicality. i am interested. also
I cant understand why my broker will not allow me to long gbp/usd now becos market is closed.
Thks and regards.
Hi Newbie1,
ReplyDeleteYes, unfortunately GBP/USD was stopped out due to consolidation period. Any trending system will face such whipsaws during non-trending or consolidation period. However, my system turns
Short now with stop at 14500 on close. Please refer to the latest alerts.
Best regards,
Michael