Possible distribution playing out in a larger distribution pattern. Little bit of a risky play but I think if price can hold above $27,666 there could be a fast move up soon to complete the UTAD (Upthrust after distribution).
Comment:
Ran into some resistance but I am still in my long. I am seeing a re-accumulation pattern happen on the smaller time frames. I think one last shakeout and price will continue to move up if price a can hold above $27,888
Order cancelled:
Risky play didn't play out as planned. Will update with new idea.
Comment:
Possible good opportunity for a short scalp and maybe more. Euro economic data is coming out, so keeping a very tight stop loss again.