Same idea as the previous short on this pair. I expect to see some resistance form on the hourly chart over the day or so. This will happen in the yellow zone. Once that happens I will be taking short positions from them with my SL being about 15 pips above where that resistance is.
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This is the 3rd on the 1H that price has entered out yellow zone. I will begin to start taking short positions.
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trade is now active with SL of 30 PIPS and TP of 100 PIPS
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SL moved to break even. you can expect a pull back after it settles down from news at which point i will scale in if given the chance.
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TP HIT. Trade closed!