Based on previous behavior, price may be rotating back down to the reddish line, which would be for 70 pips if reached and if stopped out -35 pips.
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Based on overall larger TF market structure price should be making a higher high, but we don't know when that will come, so we play the short game until we get a signal that points to a rotation higher.
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Price almost made the higher high based on the news event. This is where price was technically prepared to go so news just quickened the process. I don't hold trades through red flag news events or anything dealing with interest rate decisions so even if I got out of this trade with a small win or loss it is recorded as a BE because I am out of the trade hours before the news release.
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