Trading signal 23 05
Trades must be entered from 8am New York time until 5pm Tokyo time, over the next hour period only. Short Trade Short entry following a bearish price action reversal on the H1 time trading signal 23 05 immediately upon the next touch of Put the stop loss 1 pip above the local swing high.
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Adjust the stop loss to break even once the trade is 20 pips in profit. Long Trades Long entry following a bullish price action reversal on the H1 time frame immediately upon the next touch of Put the stop loss 1 pip below the local swing low.
I had a very cautiously bullish bias. There was no move above Dollar has been quite firm.
The sharp downwards movement seems like it might be halted now by a supportive long-term trend line. If that breaks, the support just below that at There is short-term bearish momentum, but no wider trend in this pair which can be exploited. Although there is new resistance at I have no bias as I think the price is like to settle and consolidate over the coming hours, at least until the FOMC release due later.
There is nothing due today concerning the JPY.
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