Trading EUR/USD Daily Hi & Lo

Food for thought


http://www.dormantrading.com/Trader...=H&studies=SMA(50);SMA(20);SMA(200);SMA(260);

 

EUR/USD range 1.2838 - 1.3029 taken from last Tuesday

Now Short 1.2836 @ £2 per pip

Reverse order 1.3029 @ £4 per pip

 

Here is a chart that points to increased likelihood in range expansion ie Histogram at centreline, price at top of channel, near major resistance which has been tested 3 consecutive times, target magnets beat risk by at least 2:1.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2904755>

 

-16.5 points (-£247.5)

Now Long 1099.5 £30 point

Reverse order 1083 @ £60 point

 

-195 pips (-£390)

Now Long 1.3031.@ £4 pip

Reverse order 1.2836 @ £8 pip

 

Switching EU to yesterday range 1.2950-1.3046

 

Expecting range expansion

 

think it will fill the rest of that gap?

 

Which gap?

I just think range is about to expand, which way is more likely is not as important.

 

you already have 2 lines there,some people would consider this a gap,some would say its filled