I'm already long on this pair on a previous signal on my Bollinger Band based trend following strategy.
But as price is currently consolidating, I will be looking for a new buying signal on this pair to :
- trail stop on current opened position and secure profit
- open a new trade on the new signal and ride the underlying bullish move (both H4 and Daily indicate a break of consolidation to the upside).
Remember to plan your trades and trade your plan !
But as price is currently consolidating, I will be looking for a new buying signal on this pair to :
- trail stop on current opened position and secure profit
- open a new trade on the new signal and ride the underlying bullish move (both H4 and Daily indicate a break of consolidation to the upside).
Remember to plan your trades and trade your plan !