We had a nice rush up into our level and got our entry right under the LBR with a stop so tight it squeaked ;D
As usual we're scalping our way in from higher time frame levels trying to get low risk entries at sweet spots so we can get break even stops in that won't be whipped out quickly - then get settled for the ride. News drove us up here (btw also the 38.2 fib of the last major leg down if that's your thing) and as we're still in a downtrend and it doesn't look like the bulls are feeling frisky as yet we just might get away with it. 1st target is the prev range high 0.8835, then prev range lows and we'll work the trailing stops after that if we get that far.
As usual we're scalping our way in from higher time frame levels trying to get low risk entries at sweet spots so we can get break even stops in that won't be whipped out quickly - then get settled for the ride. News drove us up here (btw also the 38.2 fib of the last major leg down if that's your thing) and as we're still in a downtrend and it doesn't look like the bulls are feeling frisky as yet we just might get away with it. 1st target is the prev range high 0.8835, then prev range lows and we'll work the trailing stops after that if we get that far.
Trade closed: target reached