Entry: 1.1448
TP: 150
SL: 50
R:R 3
TP: 150
SL: 50
R:R 3
Trade stängt manuellt:
Change of plan, this looks like a reversal.
Exiting this trade
Exiting this trade
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Trade closed: - 6 pips
Kommentera:
The reason why I have exited this trade this morning is I have been a little concerned that 10 pips above the red line (previous high) was too close to market.
Do I believe price could take off north, yes, but equally it be pulled back into the range before heading north again.
Alternatively, as I said previously this pattern does have some similarities to a reversal, so heading south is still on the table.
Jobless Claims news report is out at 13:30 UTC+1. I expect this week's sideways action is due in part to that. We may have resolution at that time, one way or another.
For the moment, I'm happy to take the 6 pips loss and wait on the side lines for a clear direction, if that means I only get 70 pips instead of 100 later, I think I can live with that.
Do I believe price could take off north, yes, but equally it be pulled back into the range before heading north again.
Alternatively, as I said previously this pattern does have some similarities to a reversal, so heading south is still on the table.
Jobless Claims news report is out at 13:30 UTC+1. I expect this week's sideways action is due in part to that. We may have resolution at that time, one way or another.
For the moment, I'm happy to take the 6 pips loss and wait on the side lines for a clear direction, if that means I only get 70 pips instead of 100 later, I think I can live with that.
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