Hey Guys!
I took a Short Entry at 131.67 with a stop loss at 133.68 and the main target at 114. 40.
As you know in my last update, I was talking about short term long strength coming back in, but yesterday, price began to give mixed signals.
I was expecting a possible nfp range however, I got an nfp wild price action situation.( Price commonly gives mixed signals and price moves wildly on nfp days)
None the less, I took a short entry at the specified level.
Moreover, there was still short term long strength on the 15M chart with a Upward trendline breakout and immediate break back in, so typically I would wait for a deeper pullback for the short entry however;
Due to it being a nfp release day, and price can possibly move erratically, I entered a short position.
For the time being, I will see if I can get a further pullback to perhaps 132.67 for another short entry.
Like always, I will be watching the lower time frames for signs of short term long strength to wane. If it does not wane close to the stop loss level of 133.68, I will abort both short positions.
That's it!
Have a great day guys!
Ken
Disclaimer: This is not Personal Financial Advice.
I took a Short Entry at 131.67 with a stop loss at 133.68 and the main target at 114. 40.
As you know in my last update, I was talking about short term long strength coming back in, but yesterday, price began to give mixed signals.
I was expecting a possible nfp range however, I got an nfp wild price action situation.( Price commonly gives mixed signals and price moves wildly on nfp days)
None the less, I took a short entry at the specified level.
Moreover, there was still short term long strength on the 15M chart with a Upward trendline breakout and immediate break back in, so typically I would wait for a deeper pullback for the short entry however;
Due to it being a nfp release day, and price can possibly move erratically, I entered a short position.
For the time being, I will see if I can get a further pullback to perhaps 132.67 for another short entry.
Like always, I will be watching the lower time frames for signs of short term long strength to wane. If it does not wane close to the stop loss level of 133.68, I will abort both short positions.
That's it!
Have a great day guys!
Ken
Disclaimer: This is not Personal Financial Advice.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.