Short the news, Potential 3:1 Short

Backtest on broken ascending fork last week, and retest baseline of descending fork. $DXY $GLD $EURUSD

Comment:

Selling off all the news gains today. Not good for longs.

Comment:

Hanging on to that support level I included at 1.2964 today... I doubt it holds. Moved stop down to 1.305.

Comment:

Closed half on this spike down, moved stop to 1.3025.

Trade closed: stop reached:

This is why I take profit along the way, especially on spikes down like that during the late after market NYSE hours (likely fake).

We are testing the base rail of the descending fork again, I am stopped out now, good trade.