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But seeing the bigger picture on daily and weekly, I'm placing a breakeven stop and let the bigger pattern (triangles on daily and weekly) take this trade.
Taking this action, I'm wondering if my stop is foolish and should move it to an appropriate area on the daily and/or weekly chart. What do you think?
If it doesn't work out, I'd break even, so no risk to me. |
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9750 is the fulcrum here for sure.
Bust that niggly resistance line & it looks good for another cent up on the ladder. If you stand on the side of the current fundamentals, then Sterling (& Euro) appear well placed to run the buck ragged during 1st Quarter?
$ Bears will certainly rip into it should this round of data come in shy. The Dec highs will set the stage for me should this 9750 hurdle crumble.