Pair is stagnant around 148.50 - 148.80 for the most of the Asian session and the whole of the European Session, with having the American session now there is no much change , this is the plan of today
Buy stop above 148.75 SL 148.45 TP 149.20 Sell a break below 148.55 SL 148.80 TP 148.00 and 147.80
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Keep looking at the main trade on the top all the time, and read the added comments
Trade active
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Short triggered @ 148.55 with target of 148.00 for now, SL above 148.80 area
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keep in mind that this is a very fast trade and book profits by the first target or before as market is poised to reverse to 149.05
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Take this day as irregular day: - Very slow movement on the pair and generally in market - Although traders are net long on this pair but price tends to reverse higher - Price is confined between tow areas of Demand area by 149.05 - 149.35 turned to be strong resistance and March 13th 147.70 - 147.85 area of supply where price bounced from there to the 149.37. Market is preparing for a breakout either sides after choppy action with the mentioned range, Now we are on a very slow movements and waiting for the choppy movements within, from the middle of the choppy actions the breakout will happen
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Short is intact and in profit, keep looking at target and close as you can, wait for a dip below the 148.00 level and assess to take fresh long targeting the 149.05 area. NOTICE that pair may dip till 147.70 or even 147.50
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REMEMBER >>> - WE ARE ON THE WAY DOWN TO TOUCH 147.80 147.70 AREA - BY THAT AREA WE WILL TAKE FRESH LONG AND LOOK FOR 149.00 AS TARGET - HURDLES ON THE WAY UP ARE 148.55 - 148.70 - 148.90
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Closed all shorts
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Profits +75 pips
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Long Taken @ 147.80 Target 148.50 - 149.00
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Long Taken @ 147.80 Target 148.50 - 149.00 - SL wel below the today's low are, today's low is 147.74 Means that hide SL away from the today's low, you may use any tool in hand to set SL and manage own risk according to your risk appetite and account sustainability
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US indices has been in the red since started today, now giving signs of reversal to up side they may pair some losses but not all of the loss of today, that will be on our bullish trade side, watch indices and and watch the pair closely
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the Buy (Long) trade may be so fast and may extend time till Asian session
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Long is intact and with +33 pips till now, you may book profits or leave it open for the next two hours
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+51 for the Long till Now
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Pair is having some kind of stagnation below the 148.40 148.50 area, may take more time till the break upward happens , you may book profits for now and watch the 148.50 level till break to upward
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for me I keep my trade open till target @ 149.00 , may look at 149.05 and 149.15 as well
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If you keep trade on, you may put a protected stop by 148.15 that will guarantee +35 from the trade if hit