14:20SPI rising upwards from a spiral bottom @ 5612 and moving back up into an resistance zone based on 5639 and the R44 low Reversal.....
My afternoon trading set-up was based on the SPI moving down into an R44 low and rising upwards from around 14:36...
At this stage it doesn't look like it's doing it......
I won't be trading longs unless it hits an R44 low, and is rising upwards from 14:36, even though the expectation that price could rise towards the 5-day 50% level.
The entire market Dynamics is completely different to the previous two Fridays
I've taken a 1 lot short @ 5635 (stops) 5642 looking for an R44 down move.....
I will cover if not reached target by 14:36.....
If stopped out I won't trade again, as price has an each way:- 5-day 50% level or 5585...
Note: R87 down @ 5595
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14:36 close position @ 5631
No more trades until Next week
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