Along with OPEC meeting going on today. We get a positive decision for my case and they cut production.
I took off a third of my position at the 1.7270 level.
I am putting back on a full 1% with stops the same area.
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Despite getting stopped out on Oil. I am still bullish Oil and the CAD.
They have finally cut production. It could be too late but Oil should recover a bit.
Price is still hovering around the area in blue. Once wicking up to 1.75 level. Hopefully it can be sustained and we finally get our push down.
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4th time the charm?
Trade closed: stop reached
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Stopped out at B/E. What I did wrong was not paying attention to the ranging market with a bullish flag being formed. Now I know to look out for this. GBPJPY may have been a similar set up two weeks ago. This is the second time I have been shorting despite a bullish flag being formed. Writing it here should help me