The USD was weak to begin the trading week. Oil was strong and the OPEC meeting didn’t produce any surprises.
A short was taken early in the U.S. session risking 22 pips for a potential 44 pips to our daily target at 1.2549.
Price moved lower and our trade was closed as price began a retracement higher. Mondays tend to be tricky days to trade but this trade set up well and moved quickly.
It’s another busy week of economic news releases culminating with the NFP on Friday.
Good luck with your trading!
