Quiet London session
Updated
Hello ladies and gentlemen;
Although today is not a holiday, we will enter the London session in the coming hours, where no data will be received. The most important data of the day will come at the beginning of the New York session. Considering the unemployment data that came 2 weeks ago, I expect today's data to be lower than expected.
According to the chart, I expect the retracement towards the 4h major OB to continue. I currently have a short position open and I reset the risk by placing a stop loss at the breakeven level. When you examine it, there is a slight risk of reaching that level and getting stopped, but I think this probability is very low. I think we will continue the day in a short direction after the correction of yesterday's downward movement is completed.
I will also share the other transaction I will receive today. I'm currently at -2rr for this week. I need to collect 7rr or more to reach my weekly goal.
If you like the posts, please don't forget to like and follow :)
Good luck
Although today is not a holiday, we will enter the London session in the coming hours, where no data will be received. The most important data of the day will come at the beginning of the New York session. Considering the unemployment data that came 2 weeks ago, I expect today's data to be lower than expected.
According to the chart, I expect the retracement towards the 4h major OB to continue. I currently have a short position open and I reset the risk by placing a stop loss at the breakeven level. When you examine it, there is a slight risk of reaching that level and getting stopped, but I think this probability is very low. I think we will continue the day in a short direction after the correction of yesterday's downward movement is completed.
I will also share the other transaction I will receive today. I'm currently at -2rr for this week. I need to collect 7rr or more to reach my weekly goal.
If you like the posts, please don't forget to like and follow :)
Good luck
Trade active
Short: 1.05411SL: 1.05452
TP: 1.0473
Note
Last trade to BreakevenSL:1.05411
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