This pair is on the lookout because of trendline that was broken. We have been waiting for a confirmation or a setup that gives us a Sell signal. At the moment no concrete pattern has occurred but we are being optimistic by expecting a sell because of CPI. We forecast our CPI to be negative. We are hoping for a spike that triggers the order and then shoots down. Very risky and optimistic. This is an experimental trade, we are definitely on a small account or a demo for this one. Trade safely!!!
Trade closed: stop reached:
The set up didn't go according to plan but we are going to the drawing board with some valuable lessons.