Next Short

Similar setup to UJ and EJ, nice R3 daily hit after yesterday's large daily range. $DXY $TLT $EURUSD $USDJPY

Comment:

Now that we are firmly inside the Month VWAP bands and far beneath the weekly S4 pivot (not shown) I suspect further downside is all but guaranteed.

Comment:

Weekly shows we are at the bottom of this parallel channel, we shall see.

Comment:

Closer look I would be interested to see what happens on a second tap of this channel just below this week's low.

Trade closed manually:

Closed trade the moment EU broke its May 29 low. EU rose 100 pips right after and here we are.