Hi all,

Have a look on this 30 minutes chart of the EUR/USD

The pair were stuck in sideways channel with top of 13514 and low 13487 for almost 4 hours. So I put an order slightly above the top at 13518 hoping to catch a strong move up. My stop is the lower boundary, so it is quite tight. In fact I think that if my stop will be triggered I would change direction and short the Euro.

My target is 50 points. At the moment it is still quite and the price is around my entry level.

Update - I’ve been stopped out. At the beginning I gained 30 points but then the direction has changed. The lowest it went (at the moment) is 13483 while my stop was at 13485. It is now around 13500 so there is a good chance that my stop was too tight.