As predicted earlier, we are probably seeing a reversal pattern and if so, we should be able to trade the right leg for 60 pips.
There is a lot of news today for US Dollar and one report for CAD Dollar which should accelerate price. News starts from 13:30 UTC and runs until 15:00 UTC.
I would recommend to wait to move starts before considering getting in. I may have got in a tad early myself.
UPDATE: I have taken a -2.4 hit. I should have been more patient with this. Anyway I will wait till the move actually starts before jumping in. It could be another 1 to 4 hours. Once underway I'll re-enter.
UPDATE #2: I have re-entered. There is also bearish divergence, indicating a move down may be happening shortly. I may also increase my TP to the yellow line, once I know the move is in full swing.
UPDATE #3: Trade hit TP for +60 pips.
There is a lot of news today for US Dollar and one report for CAD Dollar which should accelerate price. News starts from 13:30 UTC and runs until 15:00 UTC.
I would recommend to wait to move starts before considering getting in. I may have got in a tad early myself.
UPDATE: I have taken a -2.4 hit. I should have been more patient with this. Anyway I will wait till the move actually starts before jumping in. It could be another 1 to 4 hours. Once underway I'll re-enter.
UPDATE #2: I have re-entered. There is also bearish divergence, indicating a move down may be happening shortly. I may also increase my TP to the yellow line, once I know the move is in full swing.
UPDATE #3: Trade hit TP for +60 pips.