Apologies to ‘old blue eyes’ and anyone unfortunate to be in the vicinity when I sing Karaoke.
Attempting to show in real time how I am seeking to trade this. Below shows the hourly chart . The sections (red lines) show the H4 . These are my scalping = daytrading = Intraday outside levels … Phew 🙂 all semantics .
I favor shorts from here as they have been good to me so far today ,,,,,Watch the news closely with tight stops as always .
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We are up to my resistance now.
No trade as yet
OK
in at 1.3414
Place stops tight just above days high .. This is a news fuelled pair and no heroes in this trade .
Under/ close to the big fig 1.34 – get those stops to break even
Placing a -26 pip stop loss on this trade 1.3440 – placing my stop at b/ e if/ when possible