Quote:
Originally Posted by Blaiserboy
GBPUSD 240 minute
Ilya...... would you enter once the lower line is passed. or would you insist on waiting for a top?
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If the lower boundary is broken I would get short. Of course keep in mind that risk-reward considerations are very important, so if GBPUSD were to crash a couple hundred pips through the boundary because of a spike in volatility it may not make sense to get short because price action has veered too far towards the target on the initial push to make the trade worthwhile.
As always, flexibility is important.
Ilya
