Event play: Mixed news and unemployment numbers, but still a reason to break the uptrend.
Down she goes..
(15 min chart)
I've already taken 7/8th's of my position off at 1.38009s and 1.37992s on the way down (even penny number, plus ~2.5:1 RR.)
The rest is just sitting there hoping that price runs what appears to be a level with potential stops bunched but.. but if that I get knocked out of the trade in profit on the last bit it really won't matter as the lion's share of the profit is booked.
I hardly ever get in pre-news release... 95% of the time I wait til the release and watch to see the reaction in the market first before jumping in... I got tempted by a clean uptrend line on an hourly chart that just looked ripe for a violation, but honestly, it probably wasn't worth the risk of getting slipped on some shock news release. My stop was set just 15 pips away.. so at least if I was going to get slipped hard it would trigger sooner than later.