Anticipating a switch to go lower into later next week following bearish structure. Shorts will be favored to a discount lower. anticipating a target of 69.031 as the immediate target and 68.510 as the final.
expecting a range bound market and a break lower.
Key anticipation: the news driver in the New York session could break lower OR reverse.
The first partial profit target is 70.147.
If the high of 72.404 is taken, may consider the idea invalidated.
As always manage risk.
expecting a range bound market and a break lower.
Key anticipation: the news driver in the New York session could break lower OR reverse.
The first partial profit target is 70.147.
If the high of 72.404 is taken, may consider the idea invalidated.
As always manage risk.
Comment:
71.20 retracement to possibly continue lower
Comment:
Scaling in more shorts
Comment:
71.500
Trade closed manually:
SL triggered. Idea invalidated
Potential to go lower and squeeze longs to the close.