DislikedWell, it just means that in the same day the price went up a lot and for *some unknown reason* dropped down powerfully to where it started or lower. Now I agree with you that extreme volatility (i. when the noses get REALLY big) is a problem because volatile motion leads to violent corrections, but in this case the action has been very steady. Anyway, lets see what happens, I'm not very comfortable putting money into dollars right now eitherIgnored
As I use GMT, the entry would be short 0191 (so far, awaiting confirmation) SL 0326 - so a 135 pips stoploss.
I just don't like that idea as cable is much more ranging than anything else. I'm bound to wait for the breakout from this triangle whatever the direction as to get back in this pair...
As we debate, euro is slowly and streadly giving my pips. Why bother?
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