Strong resistance area based on yesterdays insane spike. Brexit talks extend into Friday so theres a high probability that investors will be looking at buying up more.
I will be aiming for the previous high but monitoring the strength of the sellers.
Please note that my entry is very aggressive in order to get a good position. If I get stopped out I will be monitoring the pullback for a re-entry.
Always remember - don't be greedy - start removing profits after 10 to 20 pips.
I will be aiming for the previous high but monitoring the strength of the sellers.
Please note that my entry is very aggressive in order to get a good position. If I get stopped out I will be monitoring the pullback for a re-entry.
Always remember - don't be greedy - start removing profits after 10 to 20 pips.
Removed some profit at 10 pips and moved stops to break even - good move as the pullback was not over and I was stopped out. no loss taken.
Toyko session did nothing and once Frankfurt and London opened, we see that the buyers are back.
I got an entry at 1.29131 - already at 19 pip profit - removed 50% profit and holding. Looking for a further move in order to add some size. Proceeding with caution as the brexit talks extend into today - with stops at break even, Im hoping to see a good spike.........
Trade currently holding at 1.29294 above a resistance area.
Will be monitoring this one for the rest of the day.