When it takes fourteen and a half hours between entry and TP1 on an M30 Trade – you KNOW there is no market. That’s precisely the scenario that took place yesterday, as we were triggered Long at our second attempt. Those who chose to leave the trade run, remain in that free trade a further five hours on. I must confess I’m not among you as I closed prior to retiring last evening, slightly positive. After 3 tiny doji days, I begin to wonder what’s going on?
The Day Ahead
If I have a bias, that confluence is it’s cause so I will seek to find a Long, should PA actually exist!
High Impact News - CET
|2:30pm||USD||Core CPI m/m|
|4:00pm||USD||Existing Home Sales|
Terrific Tuesday everyone.