A possibly great setup that I missed. This could have been a great long trade at the break of the mother bar around 1.4850. However, I still publish this chart as my EG strategy (which is already a combination of fundamentals and technicals) also points towards a bullish move at the break around 1.4950. I like it when everything points in the same direction! This...
I decided to take a look at the engulfing and inside bars of the last 6 months. All these setups would have been profitable trades of at least 50 pips (biggest move was 900 pips). We now arrived at the convergence of 2 long term TL's that comes together with extremely low volatility in the FX market and serious indecision amongst traders. We see a bullish...
Potential breakout. Still holding half of position. SL @ BE. No TP yet. Already 140 pips :).