Joined Dec 2009
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Status: No longer here
|815 Posts
Europe and London a total sidewinder, last trade didn't get picked up, arse!. Nothing interesting on the news front this afternoon so I'm calling it a day.
A break above range highs begs to be traded on a retest but it would also be a perfect place to spring a trap....I'm on the bench. Be careful it's that time of year again.
Joined Dec 2009
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Status: No longer here
|815 Posts
Nice 100pip breakout from that EU range. London's sold off the top there this morning, a broken swing level @2443 being tested as I type. Need that to hold for a move lower back to that BO level of 2397.
Had a late one with the Aussie trade but was worth it.
Joined Dec 2009
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Status: No longer here
|815 Posts
Hi, entry looks good but that's the easy bit, are you using a SL & TP? without them we really don't know what you're aiming for. I tend to place SL above the head which is quite a way away in this instance. What's your plan?
This pair has bounced at a major swing low formed this time last year, would have made for a nice long.
If this pair is planning on a bearish breakout of that low and a continuation of the trend you'll be sitting pretty.
That is also a key level (in my book) for price structure to find support if things start to get bullish.
Technically 2, but just be wary down there with the structure as it is. I'd feel better about it if price had taken out 2494, you see how price took out 2447 then came back.