SHORT IDEA
Price rallied up yesterday after the London Sessions following high impact news drivers.
I'm anticipating a retracement lower to possible correct the move higher, and a possible reversal later in the day.
Targeting the lows and taking partials at the annotated key levels and the consolidation area.
Annotations and stops made in the chart.
As usual, manage risk and conserve capital.
I'm anticipating a retracement lower to possible correct the move higher, and a possible reversal later in the day.
Targeting the lows and taking partials at the annotated key levels and the consolidation area.
Annotations and stops made in the chart.
As usual, manage risk and conserve capital.
Note
Anticipated target achieved, scaled out and taken partials. Stop loss at break even or better, managing the trade risk-free.
Trade closed manually
Scaled out and took partials. Stopped out in profit
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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.