Nice trading day, I come back from my doctors appointment to find my target of 2.0033 hit from 2 short positions. Im now looking to reset from what happens if we get some retrace into todays Intraday levels if not a break of the low will do but that 2.0033 will still be in the way and if it can be ovecome this time we could see 1.9970ish again. If we do get another short condition tonight i would be looking for an exit around 1.9970 unless price action dictates otherwise.
It will take a break of 2.0127 to change my bias and I would wait for a dip after that before entering a long position unless its a quick scalp. Its better to wait for a dip when these type conditions exist since it could be another failure at the highs, if necessary sit the market out untill support either holds or breaks again.
It will take a break of 2.0127 to change my bias and I would wait for a dip after that before entering a long position unless its a quick scalp. Its better to wait for a dip when these type conditions exist since it could be another failure at the highs, if necessary sit the market out untill support either holds or breaks again.