I am out of the AUD/CHF trade for very nearly a breakeven trade (a very minor loss).
This trade showed no signs of moving at all right from the point that I took the entry. And in this weak state the trouble area around the 8500 region was always going to trouble price.
As price started to hold up at the FTA, I decided to move to the 4H to find a possible initial signal to exit instead of having to watch price trickle all the way back up.
I do believe that this setup isn't over yet, but its just that this lack of momentum coupled with a trouble area that price seems to be holding at makes it very tricky to stay in the trade.
What I was looking for, when we opened for the week was for price to quickly fill in the gap and show signs of some real selling coming in, but the very pull back chiseling all the way up to the HHR region set the tone and mood for the week.
g.
This trade showed no signs of moving at all right from the point that I took the entry. And in this weak state the trouble area around the 8500 region was always going to trouble price.
As price started to hold up at the FTA, I decided to move to the 4H to find a possible initial signal to exit instead of having to watch price trickle all the way back up.
I do believe that this setup isn't over yet, but its just that this lack of momentum coupled with a trouble area that price seems to be holding at makes it very tricky to stay in the trade.
What I was looking for, when we opened for the week was for price to quickly fill in the gap and show signs of some real selling coming in, but the very pull back chiseling all the way up to the HHR region set the tone and mood for the week.
g.
I believe . . .