Trend is Bearish, and there will be two opportunities to take shorts.
(1) Tuesday (Claimaint Count) short pivot level & 50% between (P) & (S1) on the 15min frame on half normal entry size. Add a remaing half size if Claimiant count is better than expected (add @ 1.2180/1.22). Target 1.20. Stop 1.24 or place a protective hedge > the past market high recorded at 1.2340.
(2) Wednesday (CPI & retail price index) short a spike pending the release <1.2180-1.2220>, protective hedge > 1.2340, or stop @ 1.24. Target 1.1880/50 over a 2 week period / 1.20 - 1.1970 end of week.
Profitable trading
Summerset
(1) Tuesday (Claimaint Count) short pivot level & 50% between (P) & (S1) on the 15min frame on half normal entry size. Add a remaing half size if Claimiant count is better than expected (add @ 1.2180/1.22). Target 1.20. Stop 1.24 or place a protective hedge > the past market high recorded at 1.2340.
(2) Wednesday (CPI & retail price index) short a spike pending the release <1.2180-1.2220>, protective hedge > 1.2340, or stop @ 1.24. Target 1.1880/50 over a 2 week period / 1.20 - 1.1970 end of week.
Profitable trading
Summerset