The market seems to be awaiting news, since we have two days in a row, contained by a previous day's true range. This has only happened 12 times since the top in 2015, so you can tell that the market awaits major news to decide on direction, or resume the pace it had. Price action until we break out of this range might be erratic, so don't caught up trying to navigate the murky intraday noise waters and focus on the big picture here.
Just a heads up. Check the news calendar, and then trade.
Good luck,
Ivan Labrie.
Just a heads up. Check the news calendar, and then trade.
Good luck,
Ivan Labrie.
Trade active
You can go long here, stop under 113.83
Once it breaks above the top of the green box it'll rally after squeezing all shorts.
Note
If you're long you're in 0.5R profit now, you can easily move stop to entry now.Note
Double the position and place all stops at 115
Note
Check it out, it broke the resistance here, so it could soar into the upper 120-130s.Trade closed manually
The price action is scary, I'm out of all FX trades for now, I think we can get a retracement in the dollar trend.Note
Looking to reenter soon.Note
I'm long for 2 days now, posted a new chart.
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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.
🔒Want to dive deeper? Check out my paid services below🔒
linktr.ee/ivanlabrie
linktr.ee/ivanlabrie
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.