EURUSD

short 1.11578 stop 7 pips.

Covered 1/3 for 10+ pips. left 2/3 in case this runs.

Some important news coming there maybe spikes or a rampant decline.

As i post it is still falling, i think i should have waited for the momentum to slow down before covering.

Chart:

good

Hello Obinna. My suggestion is mark the high & low of the Asian Range. And then see how the Frankie is interacting with it.

This is an example of the Asian range today. Then notice how the Frankfurt starts & the London. You will get a range break normally during these 2 hours every day.

The DXY range low is important. If it breaks then I think I will change my mind. It could in a few scenarios.

The break below 1152 today was important (chart), maybe for next few London sessions if the NY does not reverse it today. Let us see where the London closes today, and opens tomorrow.

It was a good day today.

I want to go long dollar but the PA just doesn't exist.

short 1.11542 stop 7 pips.

let's see if it gets to 1.1115.
update: 1.1150 trying to become support

Covered 1/2 at 1.1142.
Let's see if we get 1.1115 with the rest.

Chart with reasoning.

I have covered all at 1.1130.

Hope you guys had a good trading session.I am logging off.

Chart with pivot points.

We had a really classic frankfurt fakeout today it was free money.I hate to use that word lol.

I could not take the Frankie fake during morning. I'm short right now from 496. SL is now at BE.

I had closed partial position around 42 (about 8 pips) because of PA on 5M, but for the rest I was stopped out at BE.

The London high is not completely broken yet completely (chart attached), so it could still go down. But it is totally dependent on the news, I'm out & flat now.

EU was a bit fast to drop today, missed the frankfurt move entirely.

The volatility is enticing but you would have to have large stop loss to even survive in this market.

Since i can't chase this move and fading it seems risky. I would stay out of this market today.

I have already got a hit of 3.5 pips trying a long. thankfully it is a small loss.

short 1.11627 stop 8 pips.

moved stop 10 pips total.

update: feels like a big down move coming today.

We would likely drop strongly and recover later during the week.

Still lingering close to my entry.

stopped out. tried another short 1.11744

closed all for net loss -25 pips. Walking away today..