After the good bear rally from the first half of this week, price action has settled into a consolidation phase. My losses from the past 2 days have been due to false breakouts, whipsawed from both sides of the range.
Update Thursday 8:40pm: Fibre stopped out for -85 pips (-1.17%), and I note this buy was a faultless trade. Currently down -1.3% for the week.
SNR sell triggered, now in play.
Another sell signal triggered.
Cable still in play, suffering around -40 drawdown, I suspect cable action will be sideways until news at 9pm.
Update 12:23pm: Cable long finally stopped out for -86 (-1.1%), SNR sell in play. This trade should not have been taken because there was no flat or rising bottom. Brings the week to (-2.4%) down.
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