As I mentioned before, I missed taking this trade. On second thought however, it may just turn out to be kind of a blessing in disguise for me.
Look at the chart, did you see the marked-up area where price kind of stall? That's right, the indicated bar low area is providing some kind of resistance to the upward move - and I completely missed this in my earlier analysis (maybe I was getting too cocky).
Sure, price could just bulldoze thru here and head for the moon. But I would be violating my own rule, which is always to look for trades that offer paths of least resistance.
For the earlier EUR.GBP trade, I will now start trailing my stops while letting the trade runs. Let's see where she goes!
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