I've set sell stops this morning at the level of .8430 for the following reasons:
1. My bearish sentiment on the daily and weekly charts.
2. The possibility that this is the top of the .8330 - .8470 range and that we are going back to test .8330 at least.
3. This range could be a bear flag type of consolidation.
4. I found it interesting that yesterday's foray to .8460+ was rejected.
5. My stops are 25 pips away from entry and give me a good potential R : R.
6. It's a "down" day in London.
7. I'm taking my own advice to sell rallies.
Whew. So many reasons. Now watch this market make a monkey out of me.
1. My bearish sentiment on the daily and weekly charts.
2. The possibility that this is the top of the .8330 - .8470 range and that we are going back to test .8330 at least.
3. This range could be a bear flag type of consolidation.
4. I found it interesting that yesterday's foray to .8460+ was rejected.
5. My stops are 25 pips away from entry and give me a good potential R : R.
6. It's a "down" day in London.
7. I'm taking my own advice to sell rallies.
Whew. So many reasons. Now watch this market make a monkey out of me.
Gone to a better place