2105 is the level that the buyer tried twice
but failed to break up.
Sell the Pull Back for a potential TOP formation
My stop is 2112.25
Trade closed: stop reached:
Before Yellen speaking, we are actually in profit. However the market react quite bullish and hit the stop loss. now the 2010 is broken which means it makes a higher high. so exit first and find another trading opportunity. again please don't risk 2% capital into one trade.
Hey Jack Do you still think that it will come down and it will reach to our targeted profit that is mentioned on the chart?As once the SL is hit and it a new high is there too.I entered the same point as yours which is 2105 but i put a SL at 2117.90 which is still not hit as yet fortunately so my position is still open.And i am in 47 pips loss at the moment do you think it will be a positive short trade as you mentioned on the chart? should I hold the position? if yes then what should be the first TP level?Please guide me on this at your earliest possible so I can take my decision accordingly.Your support will be highly appreciated.