EURUSD

Entry log attached.Covered the day for -11 pips.

I made some back by going long on the back of momentum.

It appears i was too biased short and had to pay the price. But looking at the chart and this ballistic move, i have concluded that the day might be strong bullish instead.

EU up before down means week might be rejecting the 1.12000 BRN.I would not touch shorts now they are not paying.

My deduction for short was based on a pullback since Mondays are trending, a pullback would have been a nice thing for longs instead we are rising sharply.

That means a possible false move after sharp rise but unfortunately that means a strong move up can't be faded in this day. Hence shorts to be avoided and by the looks of the chart i missed a potential 10 more pips on the upside.

My call for the day is be cautious and don't fade this thing.

If i wasn't burnt out today i would still buy and pullbacks on 15 min or 1 hour chart. There is a risk this might still be a range and trade would fail but this looks like it is going up.

possible buy at this pullback 1.11857 stop would be 10 pips. waiting for a bullish bar on 5 min.

if anyone took it move stops up and keep it tight.Let the trade run.

On the 2H inverse chart, I marked this yesterday, we seem to be holding above this. The late night session is not really going down that much to setup a fade, maybe the Asian will.

I think a clean break above 1080 is important. But tomorrow open, it could just open somewhere in between, and just range b/w today's high & low. And the session possibility is a range till 1080 on the upside (if it doesn't go down).

Let us see where the Frankie opens tomorrow, and the Asian range.

Buy 1.10296 stop 7 pips.

Buy at 31.7. The Frankie 1H currently looks okay to hold, but let's see how it closes. 60s is the next barrier.

Trade is moving along let's see if we get 1.1060 first.

i am still keeping my original stop.

PMI data is a big mover and it is coming today. large moves up or down can happen.

Closed 2/3 letting rest run 1.1060 or end of london session.

Move started fast but ended up slowing down. So bagging the profits.

Reasoning attached:

long 1.10311 stop 7 pips.

closed for -2.6 pips

long again 1.1028

closed the day -10 pips.

buy 1.0985 stop 7 pips.

booked loss -6 pips.

re-entered long 1.09835 got trapped into closing original. still looking tricky.

booked all for 12.5 pips(last trade) +5 net. I feel averse as i screwed up with the original entry so walking away today.

1.1 is obvious resistance and if it breaks we may go to 1.1019. I still would be inclined to go long but on pullbacks only.