Which would you of choosn....?

[Doomberg]

In that picture of the EUR/USD the price had fallen, it kept nosing 13200 and bouncing off that area back up to around 13210 and then bouncing down. So it may of not liked 13200 and surged up, or it may keep nosing 13200 and eventually break it and have a big surge down.

Would you of:

A) Closed and took profits
B) Closed short at 13200 and Longed
C) Stayed short and hoped for surge down

 

[Doomberg]

And god knows how i managed to spell chosen that way

 

[The Leopard]

Need more context really, but if it breaks the low this type of situation is often very good for an accelerated drop.

And yes, choosn is one of the worst misspellings in human history.

 

[Enzzo]

I Agree here....

Need more context really....

If I would need to tell you an answer though I would probably bank here some part of the lot (in case you don't want to miss a potential aggressive break down of that consolidation), and enter again if it pulls back to that level around 3212 that could perfectly match with the descending trend line that looks like coming as per your picture....

 

[the hare]

depends if the coin landed heads or tails

 

[tomorton]

Closed whole position, and banked gain. Then placed short order a little way below 13200.

It would also be possible to place a buy order above the range 13200-13206, but the pattern suggests more likely a bear flag, with a dramatic downleg possible, I don't see any significant potential buying energy.

Anyway, I don't like to place opposing orders to bracket a range, since I am talented at getting them both triggered and both stopped.

 

[bbmac]

impossible to say for sure as a. it wasn't us trading it and b. we know what happened next so suffer from confirmation biais , - so a retrospective answer is only limited in value.

G/L

 

[The Leopard]

And god knows how i managed to spell chosen that way

And in any case it should have been "have choosn" rather than "of choosn".

The fail is strong in this one.

 

[Doomberg]

And in any case it should have been "have choosn" rather than "of choosn".

The fail is strong in this one.

I'm clearly a fail fox for that typo :clap: