The buyers could step in here short term ......

Okay guys so we got in short @ 1.2690 due to the lack of conviction to get back into the channel,

Anyway we are about to see the buyers get another chance to push it above another T/L personally I feel they will due to a mixed risk sentiment day today and the USD is waining again on the day as the UK traders have now stepped in, a close above the T/L on the 4HR candle we will take profits and switch our position for a day trade long ...


Stay tuned

Comment:

Entry set on the T/L on the 4HR close of candle

Trade closed: stop reached:

Set stop to break even , stopped out but keeping a keen eye on things for the 1.2550 levels to buy in if we get a decent candle close

Comment:

Comment:

Break this low and 1.25 is in play , US indices taking a pause right now