by Daniel L, October 17, 2022
by Daniel Leutle October 17, 2022
EUR/GBP
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Long
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M15
M15
Countertrend trade based on GBPNZD temporary discount
Countertrend trade based on GBPNZD temporary discount
Hold to TK or Stop or manually exit 30 before NY Empire State Manufacturing Index (Oct)
Hold to TK or Stop or manually exit 30 before NY Empire State Manufacturing Index (Oct) 3R
NY Empire State Manufacturing Index (Oct)
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stopped out. Buyers did not come through. meaning GBPNZD buyers did not get the expected discount. The next speech is ECB’s Lane Speaks at 18:00 will read chart 30 minutes before to see if there is a Buy opportunity.
I have read price 30 minutes before speech and sellers were aggressive below T2 S1V1 max price. There was no sufficient data to trade S1V2 and at 18:00 i did not monitor price development. Congratulations to those who got in the buy. even if i got the price i would be out by 22:00 and my stop and entry would be illogical.