- Michael Flynn agrees to testify that Donald Trump directed him to make contact with the Russians
- USDJPY dropped 140 pips with other US dollar pairs following suit to their own magnitude
I have also been in two trades this week, closing at just the right time as the news on Flynn’s agreement to testify just came out. Luckily, I was monitoring my trades live when this happened.
Originally entered as this pair made a test over at our daily level and I recognize it was bottoming out. I entered in this trade with a stop at the daily level (dashed line). My stop loss was readjusted accordingly yesterday placing it off another key level. Unfortunately, there was no avoiding the sell-off since it was due to the news impact.
Similarly, a long entry opportunity became present as this pair tested the daily level and held up quite nicely. Similarly I adjusted my stop accordingly to the hourly peaks. Unfortunately, price was unable to push up further as the New Zealand Dollar has been a ranging currency these days.