I closed my previous trade (yes the pick of the day) for -6 pips. The reasons for that have been commented on the chart/idea - see related ideas below.
I feel this is starting to look like a reversal.
Does this mean price could fall? Well It could at least fall back into the range.
The 10 pips above the market high was too close to market.
The purple lines indicate a 20 pip buffer which seems more appropriate.
Next, there is a somewhat big news report at 13:30 UTC+1 Jobless Claims that could push price decisively in one direction.
Once I have a clear direction, I'll re-enter on a pullback and see if I can bag 70 pips. As of right now I'm not entirely confident of price's intentions.
How about you?
Also, do you think I was right to close early or should I have stuck with it?
Feel free to leave a comment.
I feel this is starting to look like a reversal.
Does this mean price could fall? Well It could at least fall back into the range.
The 10 pips above the market high was too close to market.
The purple lines indicate a 20 pip buffer which seems more appropriate.
Next, there is a somewhat big news report at 13:30 UTC+1 Jobless Claims that could push price decisively in one direction.
Once I have a clear direction, I'll re-enter on a pullback and see if I can bag 70 pips. As of right now I'm not entirely confident of price's intentions.
How about you?
Also, do you think I was right to close early or should I have stuck with it?
Feel free to leave a comment.
