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.
https://www.tradingview.com/x/GNQWFHBe/
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.
