Expecting a price to move higher, run stops on previous 3 days high into structure level for sell. As price was moving inside the structure area, took a sell at market and got filled. Set stop loss and target. Some paired with euro suggests is moving higher, some at support/resistance level. Not a clear sign if the euro is strong. Is price moving higher due to FOMC USD today unclear. The cot data suggests big money taking profits. The bids have dried up and most likely price move lower to fill voids and run stops on short term longs and find support and daily levels ( structure).
Market sell : 1.17105
Stop: 1.18038
Target: 1.14407
Trade active:
Price is reacting of Sep 25th bearish candle. 4 hr TM reacting of breaker. Unclear if euro is bullish or bearish. ECB chairman spoke 220am, likely pushed prices lower to find support at 4 hr breaker. ADP non farm pay roll/GDP all show positive news. FOMC Kashari speaking today may add volatility or choppy condition where stops are run on both sides. At 4 hr TM price is reacting of accumulation level which tells me big money likely holding 1.17105 level and intra short longs are about to get chopped. Other paired with euro strong. Overall today, euro is weak. If price breaks and closes above todays high, likely cut off positon.
Trade closed: stop reached:
Trade closed. Stopped out