I'm still short biased, so took one with the smallest risk I could find and it paid almost instantly. I think it has room to run a bit but there is significant support in the 61.58 area. Its where the gap open occurred and price has been there twice already so until that breaks, shorts for guys like me need to exit before that level and today, I choose what I call an inside swing level on the 5M chart to exit. Good for 40ish ticks.
Sometimes better lucky than good and such was the case today. Turns out I sold the high by a couple of ticks and bought the low by a couple of ticks. Any more either way and it would have been a loser or a scratch.ReplyDelete