Trend is Bearish, and there will be two opportunities to take shorts.
(1) Tuesday (Claimaint Count) short pivot level & 50% between (P) & (S1) on the 15min frame on half normal entry size. Add a remaing half size if Claimiant count is better than expected (add @ 1.2180/1.22). Target 1.20. Stop 1.24 or place a protective hedge > the past market high recorded at 1.2340.
(2) Wednesday (CPI & retail price index) short a spike pending the release <1.2180-1.2220>, protective hedge > 1.2340, or stop @ 1.24. Target 1.1880/50 over a 2 week period / 1.20 - 1.1970 end of week.
Profitable trading
Summerset
(1) Tuesday (Claimaint Count) short pivot level & 50% between (P) & (S1) on the 15min frame on half normal entry size. Add a remaing half size if Claimiant count is better than expected (add @ 1.2180/1.22). Target 1.20. Stop 1.24 or place a protective hedge > the past market high recorded at 1.2340.
(2) Wednesday (CPI & retail price index) short a spike pending the release <1.2180-1.2220>, protective hedge > 1.2340, or stop @ 1.24. Target 1.1880/50 over a 2 week period / 1.20 - 1.1970 end of week.
Profitable trading
Summerset
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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.