jueves, 2 de marzo de 2017

Short EURUSD -15 pips


With dollar failing to make lower lows and showing strength, I saw SMT in Euro as it made another high. I was thinking it would finally drop and decided to look for a short.

My trade idea was short at 1.0600 looking for 1.0535 which was an old low.

Dollar was retracing to a +OB so I was not terribly worried about what might happen as it was showing a willingness to rally.


 Euro had moved some 20 pips originally but right now wasn't showing willingness to drop so that got me nervous as ICT mentioned they might to a 3-top pattern before dropping it.

 At this point Dollar was still holding on but nothing was happening in Euro.

I lowered my stop to 15 pips and decided to learn from this experience if it indeed trade higher as it wasn't really my call that it wouldn't drop.

 Euro did end up making a higher high that day and dollar failed to make a lower low, so this loss can be mitigated.

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