I talked about this buy a while back. Simple concept. 1-2-3 larger correction. GN consolidated and then broke out. It has the potential to go up and break the high, possibly equal length to supply zone. I am glad I got back in my EN buy, that one is nice pips. I may just hold that one, see where it goes. Obviously it is always better to catch these by stop order upon the breakout, or to get in on a smaller flag or pullback to limit risk. GN is the type of pair when it goes, it goes, but it would be nice to see it break the level it is at right now. I'm not too hot on being in GA sell and GN buy. I will have to make a decision there, but AN is going up....
Commentaire:
I am going to be asleep so I will not trade GN. I noticed that GN is at the mid bollinger band on daily and weekly and there is also the possibility of it producing a flat pattern for sell. Will still probably at least spike up and it could continue, but looking at my current trade portfolio it makes no sense for me to mess with it.