Price now is in a very unhealthy bullish push up coming into a minor 4H resistance (1810) that has been very reactive in the past. I don't usually use TL but in this scenario, it is quite clear that there is a break in structure. I will continue to look for short positions to fill the next 200 pip range. I need to see if price respects our level before taking any trade. I will be looking at this 1810 level to see this level will hold. There is FOMC announcements tonight at 10pm which i don't want to be stuck trading during.
Comment:
Pending Order at (1807.140) for push lower to the next minor support. Stops and TP are places strategically. Trade only valid once price break the low of previous 1H bearish candle. I expect clean price action coming down as we enter london session as there should volume pushing lower and completing the TL structure break pattern.
Comment:
Moving my SL to breakeven after 50 pips up because of Fed Chair Powell Testify NEWS. Sl at entry (1807.140)
Trade closed: stop reached:
Once the meeting started at 11pm price wicked me out of the trade. Honestly didn't like the feeling/emotions of being in a trade during todays news but I was already +50 pips up and i was breakeven on this trade. Im proud of my risk management coming into this trade but it is what it is.