I was thinking 131.85 was going to be the low of the day, but price is still pushing.. Good bet we will see 131.55 today, I'll dump 20% there and see what next week brings.
Forex has been soo grindy lately that we haven't see any traps like this in a long time. It takes some experience to realize you're in a trap, you will see wide spread bars pushing really fast in one direction. When you're on the right side of a trap, its like being handed a blank check.
Closed down the batch of orders taken below 132.30. Price is just above a HVC from April 6th on H4 chart. Going to keep a few orders taken from 132.70 open, but 70% of the position has been closed.
I'm going to take a break though, going to take a summer vacation and need to look into some Futures brokers. Supposedly Futures offers 100:1 leverage while Forex is capped at 50:1. Also with how fast the ADR is dropping in Forex, not counting last Thursday and Friday, but Gold and Oil Futures look like they both have ADRs above 150. Gold on Thursday was a 600 point drop.