Using the intra-day wedge to get short after we broke the Daily up trend yesterday. That candle did close bullish, but I think the intra-day wedge helps to establish the short bias. Target is perhaps optimistic but with a positive swap, I'm happy to hold overnight.
Stop above high of day at 0.86882
Targeting ExMo low/Previous days low around 0.86550
Broker SWAP: +0.17%
Stop above high of day at 0.86882
Targeting ExMo low/Previous days low around 0.86550
Broker SWAP: +0.17%
Trade closed: stop reached:
Taken a stop on this. Price is struggling somewhat up here so I'm keeping an eye on the possibility for a re-entry.
Improvements - I liked the stop above high of day, however the daily range up to then was very small, so I don't think it carried the same weight as you'd expect.
Improvements - I liked the stop above high of day, however the daily range up to then was very small, so I don't think it carried the same weight as you'd expect.