I generally don't place positions on such news polluted days but this position has good potential.
Short as usual, Protected once in a "structurally safe" position, on a position like this, I would generally have a stop around 25 - 30 pips as we are trying to catch the swing for the week, chasing price with SL based on structure.
If we break down I will be watching the fib levels for exit points or potentially add to original position.
If its wrong its wrong, but if its right.. its right!
Speculate Wisely =)
Short as usual, Protected once in a "structurally safe" position, on a position like this, I would generally have a stop around 25 - 30 pips as we are trying to catch the swing for the week, chasing price with SL based on structure.
If we break down I will be watching the fib levels for exit points or potentially add to original position.
If its wrong its wrong, but if its right.. its right!
Speculate Wisely =)