I bought the breakout of the 6630-6500 range yesterday. Since then we've seen a few up moves. Right now we are seeing inside hourly bars, they have all closed above the 20 and 200 moving averages.
You could buy a breakout above these inside bars, or take profit/short below it. I wouldn't open a long term short here. Short to intermediate trend may stay up. My stop is below 6700, a little bit above breakeven.
You could buy a breakout above these inside bars, or take profit/short below it. I wouldn't open a long term short here. Short to intermediate trend may stay up. My stop is below 6700, a little bit above breakeven.