Bought the bounce off 1.0850 this morning and exited at 1.08888 the 1/18/23 spike high. Went short again at this level with very tight stop above the 1.0901 daily high printed so far today.
I do not expect a major movement in price based on the PCE print tomorrow. At best maybe a retest of the breakout close of the daily candle 1/16/23 at 1.0822
Saving some dry powder for the Fed decision on 2/1/23
I do not expect a major movement in price based on the PCE print tomorrow. At best maybe a retest of the breakout close of the daily candle 1/16/23 at 1.0822
Saving some dry powder for the Fed decision on 2/1/23