Similar idea to yesterday.. the price is still in the daily range, looking to play it up to the mid/high end of the range.. I am considering that there is high impact news today for both the Pound and Dollar which will most likely bring volume to the market.
Will try to extend this into an intraday position.
Will try to extend this into an intraday position.
Comment:
Took a sell at 1.41215, Seeing how much this can drop.. will keep an eye out for those support areas but unless there's strong confirmations that it'll switch to long, I'll try ride it down 1.40700
Comment:
Thoughts are... On the weekly we've approached a resistance and rejected again, the last two weeks have been bearish, could we see a break of the weekly structure/ this range that been going on to test the support at 1.40100 ish
Comment:
With the upcoming FED statements coming out in regards to the digital dollar/ any solution regarding inflation, some positive news could spark a rally on the dollar as its been sitting at support level on the DXY
Comment:
got out 1.40772, took a long position at 1.40769 looking for a quick risk free pull back trade