News Failure And Follow-Through Tactical Play
Fundamentals & Sentiment
GBP:
- The pair didn't hold lower after the negative CPI this week
- Strong Retail Sales today
- There's still a miniscule chance that the rate will be unchanged
- Biggest carry currency
USD:
- Shrugged off good US data yesterday
Technical & Other
- Entered 3m after the Retail Sales release
- Failed breakout below 1.3 on D
GBP:
- The pair didn't hold lower after the negative CPI this week
- Strong Retail Sales today
- There's still a miniscule chance that the rate will be unchanged
- Biggest carry currency
USD:
- Shrugged off good US data yesterday
Technical & Other
- Entered 3m after the Retail Sales release
- Failed breakout below 1.3 on D
- Setup: TR(B)
- Setup timeframe: 1h
- Trigger: 5m
- Medium-term: Down
- Long-term: Up
- Min target: Local high
- Stop loss: 0.18%(max, partial cuts are expected)
- Position size: 0.5R
Trade closed: stop reached
-1.5R; added on the way down
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.