Wait for a pullback to 1.2560 to short to 1.2360. Over 80% of retail trades are long so this is a contrarian signal against retail crowd.
Note
Stop limit can be now moved to break even and we can let the position run down to 1.2360-1.2380 markNote
Target 1.2360-1.2380 almost reached. I will close the position before CPI number is publish tomorrow morning. Stop limit can be moved to 1.2515
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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.