From the previous analysis idea, I still maintain a bearish bias anticipating a weaker Dollar and stronger Yen.
From Friday if you engaged in the market short, the squeeze was uncomfortable and possibly stopped out.
However, there's a possibility of a continuation lower for today.
Annotations and partials are made on the chart.
My point of interest is the yellow line indicated.
possible to hold positions to New York Open
if I'm wrong, ill manage risk, mitigate any losses and re-assess my idea
From Friday if you engaged in the market short, the squeeze was uncomfortable and possibly stopped out.
However, there's a possibility of a continuation lower for today.
Annotations and partials are made on the chart.
My point of interest is the yellow line indicated.
possible to hold positions to New York Open
if I'm wrong, ill manage risk, mitigate any losses and re-assess my idea
Trade active
Comment:
As always, remember to scale out, we have dropped 30pips
Comment:
We have potential volatility in London Open, id advise against long ideas unless, you are great at anticipating short-term reversals.
Comment:
Stop trailed but not at break-even yet
Comment:
taken more partials, reduced risk
Comment:
Scaling out some more, trailed stops to break even
Comment:
Easy profit target achieved, scaled out
Comment:
Secure positions
Comment:
if you have taken nothing off, you could start taking partials
Trade closed manually:
I'm observing a market structure shift, adapting and collapsing most positions.
you have no right to be stopped out when you can reduce risk and/or collapse your position.
I'm uncomfortable with the sideway range since the price could squeeze higher taking the intermediate high.
Positions are still at breakeven, will look for more entries in New York Session.
Minimizing risk.
you have no right to be stopped out when you can reduce risk and/or collapse your position.
I'm uncomfortable with the sideway range since the price could squeeze higher taking the intermediate high.
Positions are still at breakeven, will look for more entries in New York Session.
Minimizing risk.