10:45
Higher open and looking for gap closure on the down-side:- ideally from 6245 and into 6202
Bias was to ‘short’ trade on open…
1. Short R11 reversal Entry 6228 partial exit 6221 (+7)
Stopped 6235 $dollar breakeven (-7)
2. Short Re-entry R11 reversal 6229 partial exit 6221 (+8)
covered shorts on R11 reversal @ 6229 (-0)
Market moved down 22 points, bounced reversed upwards into Risk level 6245.
3. Short entry @ 6246 (stops 54)
The longer it hangs above 6245, the more reason it has to move higher as part the rotation towards the 5-day 50% level…..
Bias was to ‘short’ trade on open…
1. Short R11 reversal Entry 6228 partial exit 6221 (+7)
Stopped 6235 $dollar breakeven (-7)
2. Short Re-entry R11 reversal 6229 partial exit 6221 (+8)
covered shorts on R11 reversal @ 6229 (-0)
Market moved down 22 points, bounced reversed upwards into Risk level 6245.
3. Short entry @ 6246 (stops 54)
The longer it hangs above 6245, the more reason it has to move higher as part the rotation towards the 5-day 50% level…..
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