We wanted that undercut low which we suggested in the KOG report, instead we got the support to resistance move and then the chop in the range. For that reason we suggested to take partial profits on any longs and protect the trade as we had identified the move was coming before FOMC next week. We waited lower for a complete point to point level to level move into the higher Excalibur targets giving over 300pips on the move.
So what's next for the remainder of the session?
This has some volume in it and we have a higher target as illustrated on the chart and published on Sunday. Look out for it!!
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.