I have not opened this trade yet, even though it has moved through the blue diagonal entry line. The reason is that the move through was horizontal and not vertical. This is a danger with a steep entry line. I like to see a pair commit to move in a direction (other than horizontal) before I buy or sell. In this case, I've drawn a horizontal entry line and I'll sell on a close below it. If you have already entered, don't worry. I'd place a stop above the recent high (at about 1.1745) and wait and see. At this writing, you are up a pip or two so that's not too bad. I just want to see some more commitment from the pair before I get in.Happy Trading!
