Adding to our short idea discussed a couple days ago. Strong rejection today, we do need to wait for the candle to close (in about 4 hours) to confirm anything, I use Metatrader to execute for so many reasons, but TradingView is such a wonderful tool for analytics. 1% Risk 2:1RR -Happy Trading!
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Candle has closed, to me reading as a nice entry point...but there is significant news tomorrow (FOMC and federal funds rate) and things could get sloppy. I'm in the trade but will be looking to protect my capital before noon (my time).I don't often predict...but I'm gonna guess here, the rate stays the same and the USD get the catalyst is needs to soften in value. there....time stamped. I lighten up or completely exit my positions, to me there is no need for risk of this caliber going into heavy news events.
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Good "guess"Note
I'm still in this trade, I was thinking stopped out but...the short signal getting stronger to me.Note
Price has formed a clear double top and has now started to fall through a trendline. Looking great! I have tightened up my stop but not a break even yet, I slowly tighten my stops but do not rush to break even. I like to let price have room to breath.Note
I'm still in this trade, a poor entry indeed, the swap is building against me, but the technicals are still showing to the downside. Keep on keepin' on.Trade closed manually
I was taken out at just above break even accounting for most of my swap, I did re-enter this trade after it's run up.
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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.