UC has been zig zagging inside the 1.3240/1.3150 range for quite a while, really simple range trading.
Then we had a breakout south and a measured move before zooming back up into the range and then
sniffing above the highs before smashing back down again.
Now looks to be doing a bit of a retest of that sniff north and so we play the possible double top for low
risk higher reward and return to range with a view to ride it below if it does break.
Keeping an ear to the ground for the OPEC chicanery but otherwise letting my stop do its work.
Then we had a breakout south and a measured move before zooming back up into the range and then
sniffing above the highs before smashing back down again.
Now looks to be doing a bit of a retest of that sniff north and so we play the possible double top for low
risk higher reward and return to range with a view to ride it below if it does break.
Keeping an ear to the ground for the OPEC chicanery but otherwise letting my stop do its work.
Comment:
Came back for another test during news for a triple top then fell off a cliff - 1st and 2nd target hit, looking at 1.3100 handle to hold a retest from below for signs it will continue down to target 3 @1.3030/1.3000 zone and beyond if it punches through.
Trade closed: target reached
