I've closed my remaining new short positions taken last night at .9190, and will review the price action as the day goes on.
Thinking ahead that there may be the possibility of a larger Head and Shoulders forming (New slatted purple line .9125 would be the neckline). I’ve left the old SHS letters in place, and put the new potential Shoulders in red print/yellow spot.If this pattern plays out there could be another 100-200 pips to be gathered.
Australia 3Q CPI +1.0% On Qtr; Consensus +0.9%
Australia 3Q CPI +1.3% On Yr; Consensus +1.2%
Australia 3Q RBA Trimmed Mean CPI +0.8% On Qtr
Australia 3Q RBA Weighted Median CPI +0.8% On Qtr
heh I had a sell order in at 9197 from last night and it just got triggered before the news giving me 60 pips for lunch!
i got owned lol... went short at 9080 just when it decided to turn around... damn you forex
Your stop was probably a bit too skinny. Maybe try reducing your trade quantity slightly and widening your stop a little. That will give you a bit more manoeuvring space.
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