News Failure And Follow-Through Tactical Play

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Fundamentals & Sentiment

GBP:
- The pair didn't hold lower after the negative CPI this week
- Strong Retail Sales today
- There's still a miniscule chance that the rate will be unchanged
- Biggest carry currency

USD:
- Shrugged off good US data yesterday

Technical & Other

- Entered 3m after the Retail Sales release
- Failed breakout below 1.3 on D

• Setup: TR(B)
  
• Setup timeframe: 1h
  
• Trigger: 5m
  
• Medium-term: Down
  
• Long-term: Up
  
• Min target: Local high
  
• Stop loss: 0.18%(max, partial cuts are expected)
  
• Position size: 0.5R
  

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أغلقت الصفقة: تم الوصول لوقف الخسارة

-1.5R; added on the way down