gbp PPI will come in strong. best time to run stops is now to 1.9280 then reverse for a test of 1.9380 and higher.
yup, i was stopped out of my short yesterday. but i'm definitely not prepared to get long at this point. i'm going to wait and see what happens today. today is probably when it finally crumbles downward but at this point my risk/reward is no longer good based on overnight price action. i still have a short bias on this even though i no longer have my position.
if your watching it, lot of people gap trade this pair, a lot of followthrough on gaps today. some days the gaps are traps not today.
Yep got stopped out too. boo hoo. I'll wait for the dust to settle and a good entry opportunity. Good luck.