Desc Triangle turns into Parallel Channel... (HOLD)
ANALYSIS:
... Yesterday's exit from Desc Triangle saw quick breakout from 1.1200 level to ~1.1250...
... (+35p LONG trade successful)
... Then, price met ceiling resistance (1.1250) and retraced (~25p)
... Current PA now hovering at 1.2250 going into NYC mid-session.
ACTION(S):
... Will continue to wait for clearer PA direction @ 1.1250 or 1.1600 before considering a trade...
ETC:
... Sideways price action is always frustrating to wait through
... Also, some scalping possibilities are avail. between 1.1225 -- 1.1260
... But, Patience is key to discovering high-probability trades..!
... Yesterday's exit from Desc Triangle saw quick breakout from 1.1200 level to ~1.1250...
... (+35p LONG trade successful)
... Then, price met ceiling resistance (1.1250) and retraced (~25p)
... Current PA now hovering at 1.2250 going into NYC mid-session.
ACTION(S):
... Will continue to wait for clearer PA direction @ 1.1250 or 1.1600 before considering a trade...
ETC:
... Sideways price action is always frustrating to wait through
... Also, some scalping possibilities are avail. between 1.1225 -- 1.1260
... But, Patience is key to discovering high-probability trades..!