I am waiting for around 8,450 to open a short position. Will then hold until around 8,100 where I will close half the position, then let the other half run (risk free) to TP2 long term. Will move SL to break even after hitting TP1.
Will Barnes - Don't say I didn't tell you so....
Will Barnes - Don't say I didn't tell you so....
Trade active:
Got in at 8455.
Comment:
Closed half the position at 8300 as it seems to be good support level. Will let the remaining position run with tight SL at percentage of retrace. Hoping it will retrace about 50% of the drop and then continue to slide. Either way, we have banked profit and the rest is risk free :)
Comment:
Positive NFP results just released so further downside has become much less likely.
Trade closed manually:
Remaining half now stopped out.