8th March

Following on from the setups I marked out on yesterdays video the EUR/USD had a little look above its upper boundary but no trade was triggered and price retraced back into the trading range. The retracement has pulled all the way back making a lower low which gives me the green light for a short as this suggests price is turning around at a known point of resistance. My short order is pending below the lower low and I am now waiting for this to trigger or void.

Short Trade on and scale out has just been hit.









Little bit of trade Management for me due to the break of a previous swing high. Stop is now at 1.3655 so worse case the trade is +21 ticks on a 1/3rd of the posistion. :)

Ok so last 1/3rd of the Eur short stopped out and the trade overall was +21 ticks to one lot. So not great but I'll take it. Becasue of the false breakout to the upside my range is now managed to that breakout high to. So we are back to waiting now.