News Failure And Follow-Through Tactical Play
Fundamentals & Sentiment
GBP:
- The pair didn't hold lower after the negative CPI this week
- Strong Retail Sales today
- There's still a miniscule chance that the rate will be unchanged
- Biggest carry currency
USD:
- Shrugged off good US data yesterday
Technical & Other
- Entered 3m after the Retail Sales release
- Failed breakout below 1.3 on D
GBP:
- The pair didn't hold lower after the negative CPI this week
- Strong Retail Sales today
- There's still a miniscule chance that the rate will be unchanged
- Biggest carry currency
USD:
- Shrugged off good US data yesterday
Technical & Other
- Entered 3m after the Retail Sales release
- Failed breakout below 1.3 on D
- Setup: TR(B)
- Setup timeframe: 1h
- Trigger: 5m
- Medium-term: Down
- Long-term: Up
- Min target: Local high
- Stop loss: 0.18%(max, partial cuts are expected)
- Position size: 0.5R
Trade closed: stop reached
-1.5R; added on the way down
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