If you see my other post linked at the bottom of this post, I was looking to go long and the news pushed it perfectly. Unfortunately, I was stopped out by the news spike. Price is already seeing some reaction ahead of some identified levels... A daily trendline,structure, 78.6 fib, and 1.618 fib inversion. I'll be watching price action the rest of the week and into next week and reanalyzing according to newly printed structure.
Trade active:
Long at 112.314 to potential shorting opportunity... Stoploss in profit at +0.5R.
Trade closed manually:
This trade ended up being a gain of around 0.75% overall.
Trade active:
Re-entered short this morning at 112.622
Comment:
Basic analysis. I'm not giving this trade much wiggle room. I'm not interested in being in this trade if it breaks back above the daily trendline and structure levels. It failed to stay above twice already... a 3rd break above it may not come back haha.. I'll reanalyze if it breaks back up.
Comment:
here's a clearer picture without the Risk:Reward tool on it.
Trade closed manually:
I was able to get out of this trade for BE. I didn't like the lack of follow through. Price has traded back above the daily trendline so will reanalyze as new structure is created.
