The 30$ downtrend from the CPI news was enough to brake the momentum of the bulls. Today I expect it to reach 2150 - 2149 as we were solid selling 2 sell order blocks and we are currently bouncing off the third one.
Solid sell for the next 2-3 hours until we reach the next buy order block and retrace for liquidity
Solid sell for the next 2-3 hours until we reach the next buy order block and retrace for liquidity
Trade active:
Aaaand we crossed it just as I was writing. Enjoy the ride to 149 for the next 2 hours. SL set to 162, TP set to 149, off to bed. See you there.
Comment:
The sideways move surprised with low volume and indecision. I am still bearish , but the timeframe should be increased. I closed half of the positions at BE to protect from upwards motion just in case. I will add more sells once it reaches 156
Trade closed: stop reached:
Stop loss hit - We wait now for development. Sadly this time i was wrong :)