koumkouat

EUR/USD Position Proposition

Short
koumkouat Updated   
CAPITALCOM:EURUSD   Euro / U.S. Dollar
Wyckoff Schematic spotted on 5m while we are waiting the interest rates to be released in less than an hour.

Since we got the SOW the position can be placed on the LPSY that follows after the confirmation. I am in this position already from the visit to the bottom line with 50% of my total position size.

Stop Loss above the AR point.

Target on the 30m bottom line of the next negotiation area, that coincides the parity price.
Comment:
The 5m picture looks like this:

Comment:
Lost Position.
This position was justified from a technical view but the announcement of the expected interest rate and the later press conference brought the negative result with moves to the opposite.
Apparently both measures and speech were discounted.
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