DislikedI am still hold on to sell:
GBP cut interest rates (it should sell further)
Eur did not cut interest rates (it should sell further)
Chaos should continue to lower edge unless unemployment claims fall below
Forecast:
Previous = 352K
Forecast = 335K
next level I am watching before the news is 2.0170.Ignored
fell below previous data, but fall short of forecast
with about 3k.
This is why I did not close the losing trade because
overall, news today were mainly in favour of USD
and my early morning chaos forecast.
Still on sell, and the trade still suffering from losses
but has reduced to about -37pips.
a break below 2.0234 will reduce my losses.
Still looking down south before the end of the day.
Internal fractal structure from lower time frames
are in support of this. But a slightly different
picture of up rising trend is prevailing on the
hourly.
watching if a sell fractal will developed above 2.0258,
on 15mins which should ease things for downward movements.