Euro / U.S. DollarShort
Update: Entry #2 triggered! 20 pips so far!
I was anticipating strong resistance @ 1.036 and it came!
Price has now fallen over 50 pips from my second entry.
I ran a tighter stop on entry #2 so I ran a slightly higher lot size
That brings my average fill up to around 1.03235 putting this trade over 20 pips in profit so far.
My best case for tonight is that price continues to fall, but I think a more realistic scenario is that we see a brief rally, and a H&S pattern completed by London.
Either way, I feel very good about this trade so far!
Price has now fallen over 50 pips from my second entry.
I ran a tighter stop on entry #2 so I ran a slightly higher lot size
That brings my average fill up to around 1.03235 putting this trade over 20 pips in profit so far.
My best case for tonight is that price continues to fall, but I think a more realistic scenario is that we see a brief rally, and a H&S pattern completed by London.
Either way, I feel very good about this trade so far!
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.