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
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Entry set on the T/L on the 4HR close of candle
Trade closed: stop reached
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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
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Break this low and 1.25 is in play , US indices taking a pause right now