Looking for price to go up with the news and drive down, similar to yesterday
Commento:
took a short entry at 1.4098 with a tight SL, seeing how price reacts..
Commento:
The idea behind the trade was that with a news release I've experienced the price move up with expectation of good news then people take a buy thinking it'll continue to go up (i've been there) and the price drives down, stopping them out or worse holding massive drawdown..
Commento:
price was coming back to my entry, took a minor win