Time to leave
One cannot trade all the time - otherwise how will enjoy the profit?
This is what traders have to do now (only my opinion ;-) - take your profit and enjoy it.
Looking at the EUR-GBP 4 hours chart it is obvious that trade have to be closed and profit collected.
Why?
- The alligator is fed up and is going to nap.
- Gator is closing.
- There are at least two close below the pink line.
- Too many fractals in opposite direction
In short - look on another place.
Let's take a look on the daily chart for a moment.
There is also signals in opposite directions:
Possible Double Tops and Bearish Divergent Bar versus almost a week Acceleration and Up momentum. But the upward move is too steep forming a bearish angle...
SO the daily chart just confirms what the 4 hours one is saying - look at another place!
Let's enjoy the profit!
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